More than just a spike I reckon. I see last Thursdays bar as a shakeout bar to exhaust supply, Fridays as a test bar to check for supply at lower price levels, then higher lows and higher highs with increasing volume since then. Looks like accumulation to me.
The 2 hour chart makes it look more dramatic.
As @wottagunn said, let's see what happens at the close today
Chart - TA, page-3839
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Last
$1.22 |
Change
-0.020(1.62%) |
Mkt cap ! $2.911B | |||
| Open | High | Low | Value | Volume |
| $1.20 | $1.23 | $1.19 | $5.815M | 4.802M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 56832 | $1.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.22 | 161716 | 8 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| DEG (ASX) Chart |