The chart is looking really strong to me. You can see 5c has become strong support, and even the other day when it dropped below this level (due to weakness in the overall market), it moved back above 5c very quickly after the trading halt was lifted. There's also been no interest (yet) in selling at these levels even after the announcement of the placement at 3.8c. The moving averages have tightened right up which, alongside the declining volumes, suggests there will be a move soon. Could go either way, but the probability is it will break to the upside given recent strength.
Ann: Trading Halt, page-150
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Last
1.0¢ |
Change
0.001(11.1%) |
Mkt cap ! $20.01M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 1.0¢ | 0.9¢ | $20.94K | 2.162M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1940582 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 3452381 | 5 |
View Market Depth
| Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
| SPQ (ASX) Chart |