Thats quite a strong start to the C wave from 3.55 to 2.86 which is all or part of Wave 1 of C.
At some stage this wave will bottom out and typically 50 to 61.8 percent of the losses are recovered.
This normally is quite a sharp 3 wave recovery causing bulls to get excited again but the ensuing wave 3 is deeper and stronger with little opportunity for bulls to recover losses.
Wave 3 is likely to include gaps down and is typically a minimum of 1.618 extension of Wave 1 so could be more than $1 .
Gaps are typically on the back of profit warnings .
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Last
$3.50 |
Change
-0.035(0.99%) |
Mkt cap ! $4.492B | |||
| Open | High | Low | Value | Volume |
| $3.49 | $3.54 | $3.46 | $14.54M | 4.165M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 213818 | $3.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.50 | 128729 | 30 |
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| Last trade - 11.12am 07/08/2025 (20 minute delay) ? |
| ZIP (ASX) Chart |