After pausing at the 61.8% retracement, this has now breached it in a big way today, and I suspect it is going to go far lower with the sentiment in the market and a few more interest rate rises to come.
My guess is this won't slow down until the $1.20 previous double bottom. After that it might garner some interest.
Falling knives until then.
Chart - AX1, page-14
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Last
$2.03 |
Change
0.000(0.00%) |
Mkt cap ! $1.142B | |||
| Open | High | Low | Value | Volume |
| $2.08 | $2.08 | $2.02 | $8.433M | 4.124M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 49530 | $2.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.04 | 18250 | 3 |
View Market Depth
| Last trade - 16.10pm 28/08/2024 (20 minute delay) ? |
| AX1 (ASX) Chart |