Chartstopper....you're kidding. We all know the fundamentals but that didn't stop the sp heading south to 11.5c.
Now here some technical facts.
The 11.5c low was below the 12c in 2010. This is important as far as I'm concerned as it alludes to the longterm trend..a la lower lows. Now just awaiting the lower high.
Move down from highs was a Johnny Holmes type of move...hard and fast. This move up is of the limp variety. Clear hallmarks of a downtrend still in progress.
Some fib levels for this rally to end include 25c(38.2%), 29.5c(50%) and 33.5c(61.8%).
And to top it off (pun intended) my Top Secret Indicator tells me that when this rally is over the price will be coming back down to near the recent lows.
Anyway, the short term trend is up so just enjoy it while it lasts.
El Capo
a potential resource rich "multibagger", page-4
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Last
0.8¢ |
Change
-0.001(11.1%) |
Mkt cap ! $7.719M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.8¢ | $8.831K | 981.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 3032155 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 207614 | 1 |
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| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| LCL (ASX) Chart |