It has been a while since the topic of the chart was last raised. I prefer to focus on fundamentals, but it is hard to ignore technicals after such a horrid down-trend (the trend has certainly not been our friend).
Here are my thoughts: the bottom appears to be in at 6.8c. The move up from this level has been gradual, rather than sharp, which strengthens my belief that this was the bottom. I had previously called a rounded bottom at approximately the 9c level, but this was, in retrospect, premature. A rounded bottom pattern formed across 20+ weeks would prove to be much more conclusive. True demand now needs to enter back into the stock to force any kind of sustained movement upward.
I am of the belief that the current price level will prove to be cheap in the years to come, although there is plenty for the company to prove yet.
ADR Chart, page-30
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Last
1.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.62M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 78571 | 1.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.5¢ | 92495 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 78571 | 0.014 |
3 | 196557 | 0.013 |
1 | 275000 | 0.012 |
1 | 90000 | 0.011 |
1 | 299995 | 0.010 |
Price($) | Vol. | No. |
---|---|---|
0.015 | 92495 | 2 |
0.016 | 183385 | 3 |
0.017 | 819686 | 3 |
0.019 | 99985 | 1 |
0.023 | 90000 | 1 |
Last trade - 16.12pm 11/10/2024 (20 minute delay) ? |
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ADR (ASX) Chart |
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