I posted this in different thread few weeks back and thought it May help anyone who may be stressing about share price..
……………………..
As price declines from recent high we all look to why? and one way is to try an analysis of charts to try and pick trends of suppose bots/manipulation or some call this self fulfilling prophecy.
I have been and am a long termer here and this doesn’t bother me too much but just wanted to do some looking back since our share price movement last July:
This was my conclusion:
(If look at recent chart posts above they will explain this way better than me on a chart).
We Started our move from Low of 9.4c on 26 June to
High 18.5c on 12 Aug,
+100% (over 6weeks),
Then had Month lull to new low,
Low 14.5c (-4c/20% +5c pre low) 21 Sep to
High 36.5c (+22c) on 8 Nov
+>100% (over 6weeks),
Month lull to find new low,
New Low 22.5c (-14c/40% +8c pl) 6 Dec -
High 45.5c (+23) 17 Jan
+100% (over 6weeks),
Month lull to find new low,
New Low 28c (-17.5c/40% +5.5) 24 Feb -
High 56.5c (+28.5) 5 April
+100% (6weeks),
Now currently in Month lull to find new low,
…………………………………………………………
So Too My predictions Based on these observations:
Low 33.5-34 (will close gap) (-23c/40% +5.5c) -
High 68c (+34c) July??
+100% (over 6weeks)
Think you get the Gist. From the new low to 100% Gain over approx 6 week period then 40% retraction to new low over a 1 month Lull period.
Rinse & Repeat !!
If this trend keeps going then working on this theory we will be hopefully $1 by year end -
(41c - 82c) then (50c-$1)….
All obviously in IMO and Happy to share for discussion! Message is that IMO forget all the noise they use to bring share prices down (Shorting, China, Recession etc..) if you are Long Term then you have nothing to worry about!! And for disclosure yes I will be buying more Today…
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4.0¢ |
Change
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Mkt cap ! $58.23M |
Open | High | Low | Value | Volume |
4.1¢ | 4.2¢ | 4.0¢ | $40.07K | 979.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 1135104 | 4.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.1¢ | 52750 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 1135104 | 0.040 |
13 | 2915102 | 0.039 |
11 | 619280 | 0.038 |
10 | 1041140 | 0.037 |
6 | 755115 | 0.036 |
Price($) | Vol. | No. |
---|---|---|
0.041 | 52750 | 2 |
0.042 | 154846 | 3 |
0.043 | 300000 | 2 |
0.044 | 382711 | 3 |
0.045 | 123242 | 3 |
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