Chart
So many things to note ... main ones are the failed bounce after CR1 when CR2 announced.
Note the huge positive divergence on the MACD (price drop but MACD rise) Note the MACD cross-over recently NOW very close to going up through zero - when this does (and I expect it does) there should be a big spike.
Note the price is now above both the EMA200 and SMA200 and we should confirm a Golden Cross MA50 up through MA200 now.
So effectively the momentum has changed.
The two year daily chart could be interpreted as a Cup n Handle - the handle is far lower than most would like after CR2 but such is life - it's still what it is, a growth stock in a growth sector with SP momentum now looking far more positive.
Even the most bearish ECS holders should be able to sleep at night without hemp juice!
Good luck to all who persevered
Ann: Strong sales growth following first commercial harvest, page-17
Add ECS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $21.90M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 1.8¢ | 1.6¢ | $93.61K | 5.542M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 3951221 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 17785 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| ECS (ASX) Chart |