Something for everyone.
If it sells of over next few days the weekly 200 EMA lies at 1.93 and a Fibbonacci cluster at $1.88 so may present a buying opportunity as this will complete the first five waves down of C.
Rally could go as high as $2.76but i doubt it.
You will often find short positions close out on the sell off on a bad report which fuels the rally.
For bears the old EW adage that 5 waves cannot stand alone means much lower prices to come once the rally is exhausted.
Its my reading that it will revisit the 25 cents lows ultimately as fundamentals do not support anything higher.
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 (20min delay)
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Last
$2.95 |
Change
0.010(0.34%) |
Mkt cap ! $3.818B | |||
| Open | High | Low | Value | Volume |
| $2.93 | $3.02 | $2.89 | $68.22M | 23.15M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 45000 | $2.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.95 | 467566 | 8 |
View Market Depth
| Last trade - 16.19pm 26/06/2025 (20 minute delay) ? |
| ZIP (ASX) Chart |