Just a few observations from the price and volume action over the weeks since my last post. Nothing surprising.
A new Buying Climax Sign of Weakness VSA signal popped up at the end of last week (see weekly chart above). I am expecting some more sideways price action following this signal. Expected I guess, after the company's "No New News" response to the ASX speeding ticket.
On the Daily Chart the SP moved up to the longer term 23.6% Fib retrace level very quickly. The SP also stopped its move up right at the top level of the GAP from the 19/12/2024 plunge down, 7.5c. Gap levels always seem to provide some sort of resistance and/or support. As far as the GAPs must be filled BS who cares. So sideways price action with support in the 5c to 5.5c area until we get news re PL6 seems to be the way forward to me.
Just a few observations from the price and volume action over...
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Last
6.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $129.8M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 17292 | 7.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.7¢ | 12000 | 1 |
View Market Depth
| Last trade - 16.12pm 13/06/2025 (20 minute delay) ? |
| 4DS (ASX) Chart |
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