Eternit,
I didnt think it would either about 2 hrs ago.
Now im not so sure, it may well exceed 10.
You see, im blind past 10.5cents - 11cents, which is the rough high of about this time in June last year and which was in my projection earlier this week.
The fundamentals are more qualified/certain than a year ago and the price is showing it as it simply returns to those levels as a test of market support.
The hunt for market support/resistance will be as prosperous and long as a peice of string.
Therefore its current level is 'fair value'.
Adding that it has passed and qualified about 4 major support/resistance levels already, which it did via 10%-15% fluctuations at each stop, then it is safe for me to say that it has tested fair value along the way and has arrived at a sustainable price level.
From here, if it settles down, we will see a trading range of between $0.086 cents to $0.098 cents before it goes into a less feral and moreso domesticated uptrend.
If/when the IP acquisition is announced, then we will see if it in the teens, as i am certain it hasnt been factored into our price yet. See, i think this price is a reflection of the companys newly confirmed health and longevity and not the contract/IP values per se.
L
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.343M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $0 | 75 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
69 | 26458996 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 14676119 | 43 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
68 | 26406996 | 0.002 |
23 | 27862532 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 10780312 | 41 |
0.004 | 8513428 | 14 |
0.005 | 3676859 | 23 |
0.006 | 3178567 | 7 |
0.007 | 918333 | 2 |
Last trade - 10.02am 18/10/2024 (20 minute delay) ? |
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