so from a technical chart / price action perspective it looks very clear to me that 0.9c is being absorbed nicely by buyers and keeps replenishing on the bid as a consequence. It's a positive yet how long it will take for the 0.9c sellers to be fully absorbed with this stock being so heavily diluted is anyone's guess. Just for peoples interest here I've been a futures trader for over 20 years and the big Crude Oil futures chart appears to have broken out to the upside. I have an upside target on it now of $180-$200USD to be achieved over the next 18-24 months. Hard to believe ? Maybe but I don't argue with the technicals and I don't listen to the so called fundamental experts in the Crude Oil energy sector! How this will affect 88E I guess will depend on how much oil they have found, whether they can get it out of the ground, and when they will be able to start producing and selling the stuff - hopefully within the next 18-24 months !!! E.
so from a technical chart / price action perspective it looks...
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Last
0.2¢ |
Change
-0.001(33.3%) |
Mkt cap ! $57.78M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $5.997K | 2.378M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 222 | 347388030 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 601584897 | 215 |
View Market Depth
| Last trade - 15.51pm 19/07/2024 (20 minute delay) ? |
| 88E (ASX) Chart |