Yeah, it can make an "Island" either way and it feels like momentum is in your favour. Despondency is high however and maybe that's the moment everything changes. Just like high levels of euphoria at the top of a Bull market.
We are in the 5th wave down (Elliott wave theory) on a Weekly and price could easily press down further from here.
If the 5th wave fails however, the trend will have changed in my opinion.
I guess the Market will tell us through its price action and volume.
Anyway long hold for me regardless.
Cheers
Not Advice. DYOR.
Yeah, it can make an "Island" either way and it feels like...
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Last
49.0¢ |
Change
-0.040(7.55%) |
Mkt cap ! $106.0M | |||
| Open | High | Low | Value | Volume |
| 51.5¢ | 51.5¢ | 48.5¢ | $146.9K | 296.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 22041 | 49.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.5¢ | 18533 | 5 |
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| Last trade - 10.51am 08/08/2024 (20 minute delay) ? |
| WR1 (ASX) Chart |