I thought of agree with Trader21. It’s too early to tell if this is the fundamental turning point. However if we continue to see relatively large volume and the price hits 17-18c that could very well indicate this has turned and the uptrend is on its way. If it breaks through 20c and holds this will be a strong indication that it has turned.
We also need to keep in mind on a business level it’s about to enter into a stage that starts to make it very attractive to institutions. It certainly isn’t out of the possibility this spike, both in terms of volume and price is long term holders getting set.
The selling money is also becoming less influential because for sometime now shares from weak holders have been washed into long term believers. So this pattern of weak selling taking advantage of more attractive prices that traders have relied upon won’t be there for much longer.
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I thought of agree with Trader21. It’s too early to tell if this...
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Last
7.3¢ |
Change
-0.003(3.95%) |
Mkt cap ! $100.3M |
Open | High | Low | Value | Volume |
7.5¢ | 7.5¢ | 7.2¢ | $34.81K | 474.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 7.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.4¢ | 220000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 0.072 |
2 | 249930 | 0.071 |
4 | 290870 | 0.070 |
1 | 500000 | 0.069 |
1 | 95600 | 0.068 |
Price($) | Vol. | No. |
---|---|---|
0.074 | 220000 | 1 |
0.075 | 1875813 | 2 |
0.077 | 29880 | 1 |
0.078 | 613564 | 1 |
0.079 | 50000 | 1 |
Last trade - 14.50pm 06/08/2024 (20 minute delay) ? |
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CAY (ASX) Chart |