Ok guys I dont really think that my charting methods are suited to small caps but here is a thought for you, using a couple of old tried and tested methods I have good news and bad.......
Gann's 50% rule..... very common, FMG follows it to a tee but anyway brief explanation, if you pick the bottom and top of the recent run (1.7c - 9.4c) the share price will retrace 50% of that value, so we have a range of 7.7c, - 50% will take us to 5.6c.....anyone spot the gap there? I was amazed no-one mentioned it when it occured, there are many gap lovers out there. So as shown, its totally over bought so a retrace was nailed on, the question is how far? will it fill the gap at 5.6c? We will see.
Dont worry, as you all know, we always end a post on a positive.... if this does follow Ganns 50% rule we will then run 100% of the range from the bottom so the next resistance will be 14.5c.
Anyway, dont shoot the messenger, I didn't write the rules but I certanly do follow them, lets see how this goes.
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Last
9.8¢ |
Change
-0.007(6.67%) |
Mkt cap ! $111.1M |
Open | High | Low | Value | Volume |
10.5¢ | 10.5¢ | 9.8¢ | $140.1K | 1.384M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 17885 | 9.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 119761 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 17885 | 0.098 |
1 | 20000 | 0.097 |
3 | 100207 | 0.096 |
7 | 424547 | 0.095 |
2 | 82425 | 0.094 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 119761 | 3 |
0.110 | 173428 | 5 |
0.115 | 173904 | 4 |
0.120 | 633558 | 12 |
0.125 | 55800 | 4 |
Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
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