Absolutely it’s in play but hasn’t happened yet. SP could go down to 10 cents tomorrow and it would still be in play as when you’re dealing with a 50 and a 200 day exponential average, then it takes a while to turn those ships around.
I’m not booted up at the moment so can’t display it but have a look at the chart I posted over the weekend of the BIO sector which recently witnessed a “GC” . It crossed and expanded even on red candles!
Cheers.
IMUGENE CHART. TA only, page-28577
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Last
4.5¢ |
Change
0.002(4.65%) |
Mkt cap ! $334.7M | |||
| Open | High | Low | Value | Volume |
| 4.3¢ | 4.5¢ | 4.3¢ | $732.0K | 16.76M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1799587 | 4.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.5¢ | 1003772 | 13 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| IMU (ASX) Chart |