i think a few people on this thread need to take a step back/buy some TA books/learn to trade short term if they are going to continually write about things that amaze/mistify them.
For a start i know bugger all...lol
Not trying to have a go at anyone but a little knowledge will make your bank account look a lot better
The stock is still up 50% for the month, again 50% for the month.
Heres how it works, insiders buy the drill core results/rumours this makes the stock break 35c at the start of the month. this makes traders buy, insiders keep buying. The stock goes up 100% for the month ( the RSI hits 87 which is unsustainable), results are released, newbies/very short term traders buy the news and the insiders and long termers take the profit. The price goes down stop losses get hit/ people start to worry, more stops get hit. morons come out of the woodwork saying its going down .
the stock keeps falling until it finds support ( i make it 47c then 39c then 33c). At some point the buyers outweigh the sellers ( could be more news), a reversal occurs and the stock bounces, short term traders reenter.
for the record i got some yesterday at 47c,
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Last
7.3¢ |
Change
-0.002(2.67%) |
Mkt cap ! $120.1M |
Open | High | Low | Value | Volume |
7.5¢ | 7.5¢ | 7.1¢ | $107.0K | 1.458M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 86244 | 7.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.4¢ | 58867 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 86244 | 0.073 |
1 | 168999 | 0.072 |
4 | 326485 | 0.071 |
5 | 279277 | 0.070 |
2 | 150000 | 0.069 |
Price($) | Vol. | No. |
---|---|---|
0.075 | 666856 | 3 |
0.079 | 126594 | 1 |
0.080 | 29377 | 2 |
0.082 | 50000 | 1 |
0.083 | 10000 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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