Closing on the low yesterday (at 48 cents) can be an exhaustive sign after a prolonged downtrend ie everyone who was going to sell has done so.
If we can recover and close above 52 cents today (recovering previous support of 51.5 cents), it may well be the low is in place.
If we rally further in the following days, the 48 cent low will be confirmed as a "false break" below 51.5 cents.
"All big fast moves follow false breaks".
Let's hope so.
IMO, not advice, DYOR
Closing on the low yesterday (at 48 cents) can be an exhaustive...
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Last
48.5¢ |
Change
0.045(10.2%) |
Mkt cap ! $104.9M | |||
| Open | High | Low | Value | Volume |
| 45.5¢ | 50.0¢ | 45.5¢ | $743.3K | 1.535M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13500 | 48.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 20610 | 1 |
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| Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
| WR1 (ASX) Chart |