Absolutely possible. The Daily S2 and 23.6% Fib Level are 82-83c mark so it may well get smashed down to that on open. I still don't consider it oversold personally according to Stochastic indicator so will see how it travels tomorrow. My reasoning behind 96.5c was the confluence of the large volume spike at that level, but it has since tapered off after close. $1 is also a big psychological figure, as demonstrated by the large volume there. so it may bounce around/retrace a bit.
As always, please DYOR and don't take what I say as gospel.
Chart - TA, page-38
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Last
$1.23 |
Change
0.005(0.41%) |
Mkt cap ! $2.935B | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.25 | $1.21 | $7.412M | 6.019M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 101323 | $1.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.23 | 117472 | 9 |
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| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| DEG (ASX) Chart |