See that recent high in July at 32.5c? And the subsequent low at 17c? If you draw a Fibonacci grid across this range, the green line (which is 61.8% of the way between the two points - don't ask, but there's some mathematic theory behind it) provides a key level of resistance. When coupled with Elliott wave theory, it can indicate a significant breakout if conditions are right.This caught my eye because W3hunter correctly called that pattern on ONE a few years ago, just before it went 4x. Not saying that's what is happening here, but I'll be watching just in case
Ann: Business Update, page-7
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Last
33.5¢ |
Change
0.005(1.52%) |
Mkt cap ! $226.7M | |||
| Open | High | Low | Value | Volume |
| 33.0¢ | 33.5¢ | 32.5¢ | $13.23K | 40.22K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 126561 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.5¢ | 69349 | 3 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| ONE (ASX) Chart |