Today's late surge post closing undoubtedly provides a much needed relief to all who have managed to held on or added more positions during more than three weeks of persistent selling pressure.
In addition, from a TA perspective, today's action should also mark a turning point: 1) if we draw a trend line connecting the lows reached on 30/6/22 ($1), 13/10/22 ($1.1), and today's $1.265, we can see each representative of a trough; 2) MACD/RSI/KDJ all indicate strong oversold.
More importantly, from rough estimates, some larger holders may have sold 5m+ shares (out of a total of 26m+ total volume) since trading resumed on Feb 23 post latest cap raise. Hopefully with today's 8.2m index buying volume after 4pm, this could alleviate most if not all the selling pressure from the big holders, which means a much easier ride back up.
I've kept accumulating over the past few weeks and have more than tripled my initial position, and plan to hold on for long term.
DYOR
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Last
58.0¢ |
Change
-0.020(3.33%) |
Mkt cap ! $220.2M |
Open | High | Low | Value | Volume |
59.0¢ | 61.0¢ | 57.5¢ | $1.245M | 2.074M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 70853 | 57.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
58.0¢ | 27593 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 53097 | 0.575 |
8 | 136709 | 0.570 |
3 | 56100 | 0.565 |
9 | 101579 | 0.560 |
5 | 21739 | 0.550 |
Price($) | Vol. | No. |
---|---|---|
0.580 | 27593 | 1 |
0.585 | 50000 | 1 |
0.600 | 3500 | 1 |
0.610 | 1500 | 1 |
0.615 | 10000 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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