I don't think so. There's nothing in there that warrants a >10% gain. It's great news that sales are up and there's plenty of cash in the kitty for now but will it rocket on volume because of this? Probably not.
If it does move today, it's likely because of a technical reversal. Importantly, it doesn't need to hit 50 to confirm. It needs to reverse from touching the support line. If it does reverse and close above say 45-46, it should indicate it'll move back towards the resistance at ~50 gradually over a week or so.
I see a major bull pennant in formation. The mast in conservatively measuring 22c so if it breaks out from the pennant (breakout would be ~522-53) the target price may be around 73c. There's a good 'known' news flow and the stochastics look to be ticking back up so there's a really good chance of this playing out in August. Great trading opportunity.
Of course, DYOR.
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Last
46.0¢ |
Change
0.005(1.10%) |
Mkt cap ! $96.40M |
Open | High | Low | Value | Volume |
45.5¢ | 46.5¢ | 45.5¢ | $87.13K | 189.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 271 | 46.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
46.5¢ | 21507 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 271 | 0.460 |
3 | 9722 | 0.450 |
1 | 22727 | 0.440 |
2 | 41207 | 0.430 |
2 | 12500 | 0.415 |
Price($) | Vol. | No. |
---|---|---|
0.465 | 21507 | 1 |
0.470 | 75812 | 5 |
0.475 | 15000 | 3 |
0.480 | 159375 | 8 |
0.485 | 100000 | 1 |
Last trade - 15.40pm 04/10/2024 (20 minute delay) ? |
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