It does look like a good entry point to me jasonjay, and the reduction in volume as the support zone is breached is a good sign that supply is running out. I'm not an expert in VSA like mitta and funky, but it does seem rather ridiculous that we're only a few cents higher compared to pre-TOL.
Again, that pullback was ALWAYS going to happen. The people who bought at the low 1's needed to take profits, and the big boys needed to short the daylights out of it to bring it back to lower levels to soak up more supply. It's just my opinion that that phase is just about ending now.
I was going to post that buying at 1.50+ was a bad idea, but the euphoria on the threads was so fiery and passionate that I knew I'd get flamed.
support at $1.35, page-31
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Last
$7.69 |
Change
0.080(1.05%) |
Mkt cap ! $7.187B | |||
| Open | High | Low | Value | Volume |
| $7.67 | $7.78 | $7.63 | $9.690M | 1.258M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 46595 | $7.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.69 | 45838 | 3 |
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| Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |