Elliot wave theory seems to still be playing out nicely.
If we are now at the start of wave 4 - we should see an alternation to wave 2. Wave 2 was very smooth, almost straight.
Theory suggests wave 4 will be more sideways and irregular if wave 2 was smooth and straight.
If you look on the hourly chart this was exactly the case today.
The next wave up will obviously be wave 5 which the theory suggests will be around the same length as wave 1. Around 0.14c up. (0.02c-0.16c) Potentially around 38c-40c.(if raises up from current price).
Also to note this will give a rough market cap of around 200m. I would think we will see a future market cap within the next 3 months in the 300m-500m range as stated in previous post. So IMO still quite cheap for the potential this product has.
Cheers guys![]()
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Last
4.0¢ |
Change
0.003(8.11%) |
Mkt cap ! $36.09M |
Open | High | Low | Value | Volume |
4.0¢ | 4.0¢ | 3.8¢ | $7.452K | 187.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 223754 | 3.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.0¢ | 236290 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 223754 | 0.038 |
4 | 632000 | 0.037 |
5 | 388512 | 0.036 |
6 | 753214 | 0.035 |
4 | 646000 | 0.033 |
Price($) | Vol. | No. |
---|---|---|
0.040 | 236290 | 2 |
0.041 | 230121 | 4 |
0.042 | 117600 | 1 |
0.043 | 432000 | 2 |
0.044 | 290000 | 2 |
Last trade - 15.32pm 04/07/2024 (20 minute delay) ? |
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BIT (ASX) Chart |