Well the consolidation has played out as expected perhaps (not including those who expected a skyrocket to 0.50). The volume has also dropped dramatically - any further next week and the traders will disappear, with already only small parcels going through today.
The weekly shows the strong rejection @ 0.30 -0.35 resistance for 3 weeks now. This week saw the consolidation on extremely low volume, perhaps a good sign that the sellers are done and we wait now. A close down @ 0.25 (or below) would have created an ominous pattern.
Not being able to lift above the 200, which is back trending down, is a negative. The 50 has made a turn though, and a golden cross in the next 6 months hopefully eventuates, and more importantly, leads to a better outcome than the last one!
Nova Eye Medical (EYE) Chart Thread, page-71
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Last
27.5¢ |
Change
0.005(1.85%) |
Mkt cap ! $62.92M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 28.5¢ | 27.5¢ | $105.1K | 377.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 99735 | 27.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 39325 | 2 |
View Market Depth
| Last trade - 15.59pm 16/07/2024 (20 minute delay) ? |
| EYE (ASX) Chart |