Hi, i dont like the 'probably' and 'most likely'. Until there is a formal announcement and trading halt it is just speculation / gambling. How many holders were burnt on the previous 'imminent' ML announcements over the past year?
Summary of charts
If there is a ML announcement, resistance zone becomes support. As for the SP price prediction i dont have a crystal ball. But i will be able to tell you when its run out of steam just like i did on the last run to 17.5c (check my previous charts).
If there is NO announcement, straight back to 100/200dma and then lower if there is still no news after that.
High number of distribution days is concerning. Not sure if these are burnt holders/traders or institutions etc unloading. I dont have access to that information to find that out. There was a poster on here who uploaded screenshots of broker trades, they could maybe figure it out.
I think it is a great time to not be holding shares . If there is news i can always ride the wave. If there is no announcement, i have nothing to worry about as i have zero exposure.
Hi, i dont like the 'probably' and 'most likely'. Until there is...
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Last
12.5¢ |
Change
-0.005(3.85%) |
Mkt cap ! $83.90M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.0¢ | 12.5¢ | $10.71K | 83.23K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 69810 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 43105 | 2 |
View Market Depth
| Last trade - 15.58pm 03/05/2024 (20 minute delay) ? |
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Last
12.5¢ |
Change
-0.005 ( 3.85 %) |
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| Open | High | Low | Volume | ||
| 12.8¢ | 12.8¢ | 12.5¢ | 8651 | ||
| Last updated 15.24pm 03/05/2024 ? | |||||
| WKT (ASX) Chart |