I don’t usually look for candlestick indications in short term trading activity but it’s too good to ignore here. A close above 55c will mark 6 trading days with ‘step-ladder’ momentum. Green, Red pattern increasing at a decreasing rate. Standard accumulation approach when a tree-shake is occurring. Relatively similar to activity in March-2023 when we gapped from $1 to $1.6. Slightly resembling December activity in a similar gap from 60c to mid 80s. We’ll know what day news drops or large buyers decide they want to open up the throttle as it’ll be a 15-30% increase.
The volumes we are seeing are also indicative of a gap up. Price increases seeing large volumes, decreases showing significantly smaller volume days, evidence that it is a buyers market. Every possibility we see tomorrow continue this trend with a substantial buying day, news dropping or both. It’s a trend until it breaks it, but the chances of flipping a coin 6 times in a row and predicting the correct outcome is 1 in 64. Proving that the chances of this trading pattern being random are 63-1.
Tomorrow will be tell tale, if my prediction is correct, large volume, another 5-10% increase above closing price today (~60c). Then we are set to gap into the expected 80c range.
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Last
76.0¢ |
Change
-0.020(2.56%) |
Mkt cap ! $130.6M |
Open | High | Low | Value | Volume |
76.5¢ | 77.0¢ | 75.5¢ | $33.09K | 43.43K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 25699 | 75.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
76.0¢ | 16435 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 25699 | 0.750 |
1 | 32737 | 0.745 |
2 | 13000 | 0.740 |
1 | 2351 | 0.735 |
3 | 16751 | 0.730 |
Price($) | Vol. | No. |
---|---|---|
0.760 | 16435 | 3 |
0.765 | 250 | 1 |
0.770 | 82434 | 3 |
0.775 | 7615 | 3 |
0.780 | 15212 | 2 |
Last trade - 14.06pm 28/05/2024 (20 minute delay) ? |
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Last
75.0¢ |
  |
Change
-0.020 ( 1.55 %) |
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Open | High | Low | Volume | ||
76.5¢ | 77.5¢ | 75.0¢ | 25728 | ||
Last updated 14.32pm 28/05/2024 ? |
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