My view and what I am expecting but the markets are never predictable as you can see what happened on the US markets as the shorters got trampled!
The highlighted was a massive gap up but unfortunately just couldn't get any more follow through buying. Today we have another gap so I would be watching 18C, a bit of congestion but the trend is still clearly bearish.
If I were looking for entry I would expect 18C resistance to hold as price retrace back down and either look for a higher low entry or double bottom. Just my 2 Cents picking a bottom.
AJM Chart, page-5250
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Last
0.3¢ |
Change
-0.001(16.7%) |
Mkt cap ! $15.44M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $12.89K | 4.596M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 145 | 197920249 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 44471257 | 94 |
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| Last trade - 15.10pm 21/06/2024 (20 minute delay) ? |
| 1MC (ASX) Chart |