The last week's price action has seen a bit of an uptick in price:
Because of that, we now have a repeat of a pattern that existed about 9 months ago. At the time, the 50-day moving average fell by about 40%. That was followed by a sudden rise in price (which broke the 50MA).
Last week, we saw a second fall of about 40% to the 50-day moving average. But Thursday's and Friday's price action peeked above the 50-day moving average:
So will there be a price rise the second time around?
AUZ Chart, page-5983
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Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.98M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 0.9¢ | $77.02K | 7.707M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1160593 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 6653699 | 22 |
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| Last trade - 13.44pm 10/07/2024 (20 minute delay) ? |
| AUZ (ASX) Chart |