My amateur reading of the chart is as follows:
- AO and MACD are slightly negative. This isn't showing much as volume has been low for a while, just indicates a general trend downwards.
- RSI meandering along in the middle, neither overbought nor oversold.
- Only real thing of significance is the bollinger bands are getting very narrow, indicating a possible near breakout, either up or down.
- This, combined with expected news soon, makes me expect that if the news is good and the breakout is the same size as the one back in Feb, I see a target price of 9.6c.
- If news is bad, back down to around the 6c level.
Interested to hear feedback from the more experienced chartists amongst you.
My amateur reading of the chart is as follows:- AO and MACD are...
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Last
7.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $141.0M | |||
| Open | High | Low | Value | Volume |
| 8.0¢ | 8.2¢ | 7.9¢ | $196.7K | 2.465M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 986668 | 7.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.0¢ | 826480 | 2 |
View Market Depth
| Last trade - 14.58pm 24/06/2024 (20 minute delay) ? |
| 4DS (ASX) Chart |