The last week's price action saw a new test of an existing resistance line at 0.057 [item 1].
Friday's close of 0.058 [item 2] went above this resistance line, matching an intraday high from January 21st [item 3]. At that point, the price closed at resistance, and was quickly followed by selling pressure.
Regardless, the current situation is being helped along with buying pressure that began a fortnight ago [item 4].
Friday's gain was more volatile than normal, but in any case FBR is sitting at a 3-month high:
FBR Charts and Technical Analysis, page-163
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Last
3.6¢ |
Change
-0.002(5.26%) |
Mkt cap ! $173.6M | |||
| Open | High | Low | Value | Volume |
| 3.7¢ | 3.8¢ | 3.6¢ | $314.3K | 8.515M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 4409705 | 3.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.8¢ | 565262 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| FBR (ASX) Chart |