Thanks to Marchello on TS for his TA yesterday (nb I haven't posted his chart just his comments):
1. Retrace was less than 50% of initial move ((39-9.5)/2+10)) = 25 - yesterday bottomed out at 25.5 to close at 28 which in itself was a hammer candle indicating buying support.
2. Today was a continuation 2 candle pattern, with a gap up from yesterdays close and a close on high @ 31
3. Increasing volume
4. MACD remains above 0 and appears to increasing again indicating a bullish divergence of the short term MA from the medium term MA
5. Uptrend remains in tact within acceptable cycle. Period from high to low was 8 days - generally, if an uptrend doesnt resume within 11 days, momentum will carry the stock through its 50% retrace towards the 61.8% support level (21 cents which would indicate a breach of the initial breakout level)
Its one for the watchlist on Monday. A key break of $0.335 on good volume will indicate stock is headed for a retest of highs. Stops set at one tick below the recent low, ie $0.25, would allow plenty of breathing space to let the trend continuation develop.
Target with a breakout from $0.395 is $0.695 ((39.5-9.5)+39.5)).
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Last
5.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $102.4M |
Open | High | Low | Value | Volume |
5.0¢ | 5.0¢ | 5.0¢ | $4.517K | 90.34K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 340 | 5.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.0¢ | 150000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 340 | 0.052 |
1 | 100000 | 0.040 |
1 | 380000 | 0.026 |
1 | 88888 | 0.010 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.060 | 150000 | 1 |
0.066 | 200000 | 1 |
0.070 | 8500 | 1 |
0.074 | 100268 | 1 |
0.075 | 300000 | 1 |
Last trade - 13.00pm 19/07/2024 (20 minute delay) ? |
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