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
11.5¢ |
Change
0.005(4.55%) |
Mkt cap ! $130.4M |
Open | High | Low | Value | Volume |
11.5¢ | 12.0¢ | 11.5¢ | $98.27K | 853.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 132333 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.0¢ | 110273 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 132333 | 0.115 |
21 | 1247594 | 0.110 |
10 | 612476 | 0.105 |
15 | 1185450 | 0.100 |
2 | 105550 | 0.099 |
Price($) | Vol. | No. |
---|---|---|
0.120 | 110273 | 2 |
0.125 | 115000 | 2 |
0.130 | 295555 | 4 |
0.135 | 394909 | 5 |
0.140 | 194542 | 9 |
Last trade - 15.56pm 22/07/2024 (20 minute delay) ? |
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EXR (ASX) Chart |