Possibly another two - three days of consolidation on lower volume around current pricing would create a nice base for the next leg to take hold. Need to see a close above the high from today of 3.6c play out to signal the next leg is underway.
Whilst Iam not of the opinion that the gap back to 2.5c will be closed, if we breach 3c (support from yesterday), then a move back here may be on the cards. I give this a 5% probability (maybe a 20% chance if we see another -500pt drop on the DowJones index overnight, as short term capital looks to exit).
Possibly another two - three days of consolidation on lower...
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Last
1.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $49.76M | |||
| Open | High | Low | Value | Volume |
| 1.7¢ | 1.8¢ | 1.6¢ | $133.2K | 7.820M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 41 | 10257632 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 300000 | 1 |
View Market Depth
| Last trade - 16.10pm 19/04/2024 (20 minute delay) ? |
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Last
1.7¢ |
Change
0.000 ( 3.03 %) |
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| Open | High | Low | Volume | ||
| 1.7¢ | 1.7¢ | 1.7¢ | 5080601 | ||
| Last updated 15.56pm 19/04/2024 ? | |||||
| ADN (ASX) Chart |