For those that are interested in TA. The Fib levels below reflects a deep pull back to just below 61% FIB level at $2.17 which is a bit of a concern. Normally if 78% (at $1.95) retrace doesn't hold then probability to retrace in full is very high which result in a move back to support zone at $1.65 to $1.75. Ideally if we want an up trend to be intact then we need a lower high to form above support zone. We have 5 consecutive down days, previously we had 7 consecutive down days before down trend have been interrupted. I suspect if we have a relative light volume and down day tomorrow a higher low could form if we have heavy volume down day tomorrow it will be indicative of selling is still strong and no change in down trend. The stochastic indicates oversold condition with RSI still above 50 so that is still bullish.
However I think we are nearing a turning point and ideally would like to see a price no lower than $1.95. The future potential for this company is huge however it will take time to materialize it and investors might get impatient. At the moment we are buying the blue sky/ dream/promise. GLTA
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For those that are interested in TA. The Fib levels below...
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Last
60.5¢ |
Change
0.005(0.83%) |
Mkt cap ! $236.7M |
Open | High | Low | Value | Volume |
62.0¢ | 62.5¢ | 59.5¢ | $215.2K | 352.5K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 2369 | 60.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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61.0¢ | 1000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2369 | 0.605 |
2 | 16029 | 0.600 |
4 | 21139 | 0.595 |
5 | 22184 | 0.590 |
2 | 17000 | 0.585 |
Price($) | Vol. | No. |
---|---|---|
0.610 | 1000 | 1 |
0.620 | 19729 | 1 |
0.625 | 20000 | 1 |
0.630 | 13922 | 3 |
0.635 | 2250 | 1 |
Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
60.5¢ |
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Change
0.005 ( 0.62 %) |
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Open | High | Low | Volume | ||
60.0¢ | 62.5¢ | 59.5¢ | 66870 | ||
Last updated 15.59pm 26/04/2024 ? |
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