@andybaby2012
I have never looked at ODE & thedata for this chart does not include Chix so my analysis may not be thataccurate
It appears that ODE has only beentrading since 1 Jan 2021 so is a little light on history to really get a feelingfor its patterns but since Jan. it is starting to show some regular &recurring price movements that I would expect to continue into the future. Moststocks have 2 – 3 regular trends that they have followed, some for years.
These regular patterns include the rising& falling trends & are where I would expect to see reactions when thesp approaches or hits them going forward. There are also the normal horizontalsupport / resistance ones.
ODE is currently in a trading range (12days so far) & on the last bar the sp reached the top + of that range onlower volume & pulled back.
The daily indicators I use are allshowing positive aspects, particularly the MACD & Histogram. Both of whichare set to cross back into positive territory if momentum continues.
I don’t hold & don’t follow but if Idid, I would probably have sold some on the last bar.
That decision would have been made basedon the established patterns & historical resistance / support levels.
Imo ODE looks like a great stock totrade if one has the nerve but at this stage would not be a buy & hold.
The trend since the May high is down& while the s/t view looks promising that trend is yet to be conclusively broken.
A breakout could see the sp move back upto around 0.15 but one would need to be careful of a stock like this and notget in at the wrong end of the play.
After pulling back from the highs on thelast bar, it may be prudent to try & enter back down around 0.12 perhaps& take a chance at missing out on this run if it continues.
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Last
1.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.07M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 2350000 | 1.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.0¢ | 323100 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 2350000 | 0.018 |
3 | 1145000 | 0.017 |
2 | 1010000 | 0.016 |
3 | 545000 | 0.015 |
2 | 372857 | 0.014 |
Price($) | Vol. | No. |
---|---|---|
0.020 | 323100 | 3 |
0.021 | 129601 | 1 |
0.022 | 300000 | 1 |
0.023 | 199994 | 2 |
0.024 | 488400 | 2 |
Last trade - 13.12pm 12/09/2024 (20 minute delay) ? |
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ODY (ASX) Chart |
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