Very well could. But below .050 for me is too long a road to go down. I will be looking at what happens at .052 and at .050 and see if we get a bounce.
Historically .050 has acted as key support and .052 is in line with the .618 Fib retracement level. We have a large double wicked candle at .052 so need to see what the price movement is going to be tomorrow before getting confirmation as to whether it is a buy.
IMO
IXR Charting & T/A, page-1195
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Last
1.0¢ |
Change
-0.001(4.76%) |
Mkt cap ! $50.72M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.0¢ | $10.57K | 995.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 7593415 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 8661803 | 16 |
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| Last trade - 12.38pm 22/07/2024 (20 minute delay) ? |
| IXR (ASX) Chart |