$2.50 AUD is the bearish resistance level, it will not go below that but not much beyond given the T/A.
In an illiquid market like the ASX, the T/A will overtrump the F/A over the long run depending on the Long Run Supply and the Long Run Demand for a Stock.
So the depth is important and the depth is pointing to a wave going down to $2.50 before recover on a rising wave IMHO but as always please DYOR.
Ann: Production Update Q1 September FY20, page-16
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Last
32.5¢ |
Change
-0.005(1.52%) |
Mkt cap ! $301.1M | |||
| Open | High | Low | Value | Volume |
| 34.5¢ | 34.5¢ | 32.5¢ | $1.680M | 5.006M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 539268 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 310567 | 25 |
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| Last trade - 12.37pm 19/11/2024 (20 minute delay) ? |
| SBM (ASX) Chart |