The 4 month bearish trendline resistance at 9.5 cents has been breached. Note: Zinc price has broken a very similiar level over the last week.
We probably do need a strong daily close Monday up towards 9.7/9.8 to confirm the break.
I do think there are a heap of shorts in this stock. It can be traded by CFD, margin etc??. So pop should be quite spectacular towards 15 cents..
Money flow indicators show money is flowing steadily into this stock now, there is strong divergence between the price and the money flow (OBV).
Volumes below 20 cents have been steady but not high, so everything is adding up nicely...just my thoughts for a trade
GL
400 k below 10c, page-5
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Last
36.5¢ |
Change
0.005(1.39%) |
Mkt cap ! $75.17M | |||
| Open | High | Low | Value | Volume |
| 36.5¢ | 36.5¢ | 36.5¢ | $3.957K | 10.84K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 21000 | 35.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.5¢ | 56219 | 1 |
View Market Depth
| Last trade - 09.59am 08/07/2024 (20 minute delay) ? |
| AIM (ASX) Chart |