$2.50 AUD is the bearish resistance level, it will not go below that but not much beyond given the T/A.
In an illiquid market like the ASX, the T/A will overtrump the F/A over the long run depending on the Long Run Supply and the Long Run Demand for a Stock.
So the depth is important and the depth is pointing to a wave going down to $2.50 before recover on a rising wave IMHO but as always please DYOR.
$2.50 AUD is the bearish resistance level, it will not go below...
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Last
24.5¢ |
Change
0.005(2.08%) |
Mkt cap ! $200.4M | |||
| Open | High | Low | Value | Volume |
| 24.0¢ | 24.5¢ | 23.5¢ | $268.3K | 1.109M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 49960 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.5¢ | 68837 | 7 |
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| Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
| SBM (ASX) Chart |