You guys need to check out the monthly and weekly charts to realise what's playing out here.
Monthly chart - coming out of oversold area which means generally a good hold for the next few months. I'm sure there will trading opportunities but I suspect we'll be testing last years high in the months ahead. MACD and signal still below 0 but creeping up slowly and surely.
Weekly chart - MACD and signal above 0. Looks like it should hold above 3c from now looking at the volume in the past few weeks.
Check out the on-balance volume on both. It's going to stronger hands by the day.
For those interested in short term trading this one, 50MA crossed the 200MA line recently which is a golden cross so it will be on the radars of technical traders.
As I said in the STT threads, this is my next AVZ.
Ann: Presentation to the Graphite Supply Chain 2017 Conference, page-18
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Last
10.0¢ |
Change
0.002(2.04%) |
Mkt cap ! $254.1M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.5¢ | 9.7¢ | $617.0K | 6.064M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 179243 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 862498 | 14 |
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| Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
| RNU (ASX) Chart |