First of all, my earlier prediction about the support area has been a bit conservative, as the trading in the past 2 weeks has showed that a new support area of 6.4-6.6c has been created.
The latest 3 weekly candle formation from technical analysis terms is a bullish combination. Trading during the last week was supported by good volumes due to relatively large buy parcels of up 500K. I would say the trading was extremely active especially at the opening pushing the SP higher.
As earlier mentioned the next target is 10c and based on the chart I can't see any strong resistance to reach this target.irynka
Ann: Response to ASX Price Query, page-71
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Last
4.2¢ |
Change
-0.001(2.33%) |
Mkt cap ! $12.47M | |||
| Open | High | Low | Value | Volume |
| 4.3¢ | 4.3¢ | 4.2¢ | $6.548K | 154.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 240000 | 4.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.4¢ | 126495 | 2 |
View Market Depth
| Last trade - 11.08am 04/10/2024 (20 minute delay) ? |
| LOM (ASX) Chart |