Yes, 15.5cps appears to be a significant level on the AJM chart (and FWIW, the next higher one above that is @20cps).
It can clearly be seen that price consolidated just below that level before price accelerated higher in early April,
Then on the way down price attempted to support at that level, before breaking down in mid August, when price was on the way back down. Currently since breaking down, price is moving sideways in a trading range (a potential accumulation zone).
There have been two (unsuccessful) attempts so far to move above 15.5cps since breaking down, neither of which appeared to be a serious crack at a breakout. The first in early September was not supported by the market, and the second in early November was caused by some over enthusiasm on announcement.
AJM - Weekly
AJM Chart, page-38
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Change
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Mkt cap ! $18.53M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 150 | 182735772 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 30298974 | 91 |
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