Taking a step back and looking at the charts.
We had a strong run up from $0.60 lows of Oct 2022 to the Dec 23 high of $1.78 (in a classic Eliott 5 wave pattern for completion of major wave 1). Now into a correction (so major wave 2) and about to hit the 38% Fib level. Correction could end around here or we could see further downside to the $1.19 (50% Fib) level.
Overall, if you are patient, when this corrective phase is complete, we should then see the start of a very significant Wave 3 that could rise $1.91 (1.62x Wave 1) from wherever the Wave 2 low settles. Bottom line - patience is the key for current holders.
Taking a step back and looking at the charts. We had a strong...
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Last
$1.91 |
Change
0.010(0.53%) |
Mkt cap ! $2.183B | |||
| Open | High | Low | Value | Volume |
| $1.89 | $1.91 | $1.87 | $7.285M | 3.852M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 166121 | $1.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.92 | 18104 | 2 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| RMS (ASX) Chart |