Well seeing as that all worked out pretty well, here's an update FWIW.
As per 2 yr chart below, long term support held and the stock rallied all week = BIG tick.
Looking at the 6 month chart below, the close this afternoon is the first above the 20 day SMA in just over 2 months = BIG tick.
Similarly, the 6 day is about to cross back up over the 10 day SMA, again = BIG tick
Note also, importantly the RSI & stochastic still a long way off from being ST overbought while downtrend resistance in place since late March also busted.
Conclusion:
So far so good and looks like it now has the momentum to go on with it IMO.
The 50 day MA sitting in the mid 70's may be tested soon & next week should reveal whether the 60 day correction is over and the last few weeks represented a wonderful long term buying opportunity.
disclaimer: the above commentary is based purely on my own use of a few technical indicators which have served me well over a number of years. Just happy top share and receive feedback from any of the pros who reside on this forum![]()
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Last
21.0¢ |
Change
-0.005(2.33%) |
Mkt cap ! $355.2M |
Open | High | Low | Value | Volume |
21.0¢ | 21.0¢ | 20.3¢ | $311.7K | 1.502M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 20000 | 20.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.0¢ | 2066 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 466791 | 0.200 |
6 | 494000 | 0.195 |
3 | 452590 | 0.190 |
5 | 635085 | 0.185 |
9 | 1775972 | 0.180 |
Price($) | Vol. | No. |
---|---|---|
0.215 | 60800 | 3 |
0.220 | 579991 | 16 |
0.225 | 578780 | 7 |
0.230 | 1051771 | 15 |
0.235 | 776857 | 10 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
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