Another thing to note regarding 6.4c support level.
You can see the MACD went very high when we first spiked to 6.6c and it then dropped back to 5.7c and bounced after being oversold at that level.
Have now hit a New high today of 6.8c and soaked at 6.4c with 20m+ shares bought today from 6.4c and higher.
Can see the MACD at today's high of 6.8c was nowhere near the same heights as the previous spike, it dropped back but found support at 6.4c where it soaked and the MACD is ready to turn again.
Today's push up was much better and had more confidence in it, slow push upward and accumulation at these levels which is good. Can see in the volume when we were in the 3c and 4c level it was very thin and spread out with spikes here and there, now it's more compact and there's more demand and activity which is good.
Sets a nice base level now, that new trading channel I mentioned the other day.
Another thing to note regarding 6.4c support level. You can see...
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Last
2.1¢ |
Change
-0.001(4.55%) |
Mkt cap ! $11.92M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.1¢ | 2.1¢ | $9.754K | 464.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 235662 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.6¢ | 220000 | 1 |
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| Last trade - 14.46pm 16/08/2024 (20 minute delay) ? |
| CF1 (ASX) Chart |