im expecting an explosive move here shortly from a technical pov,inside days lower volume(fair enough,xmas),indicating indecision..,hammer low on 11th,engulfing candle 2 days later and doji,then long white candle on the 24th all =bullish.decent support @2.25.in solid downtrend,possible bearish penant type pattern forming,short term resistance 2.50ish.=bearish.over all a reverse head and shoulders could be in the making with the neckline being around 331/3.38.
fundamentally at current price is around cash in bank, a decent find by the looks,initial 6/8k boepd,a free carry on the nws,results due for the 2nd dst and possible takeover target,the later two would probably be the catalyst for the explosive move,and for me I think north ,a quick run up to 3.30 to form the head.I have taken a initial @ position 2.30 with stop now at a close below 2.25 and will add to the position when a close above 2.5 is achieved
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Last
$1.80 |
Change
-0.003(0.14%) |
Mkt cap ! $1.445B |
Open | High | Low | Value | Volume |
$1.79 | $1.80 | $1.78 | $416.5K | 232.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
18 | 47913 | $1.80 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.80 | 26438 | 18 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 47913 | 1.795 |
17 | 87706 | 1.790 |
13 | 100077 | 1.785 |
11 | 90401 | 1.780 |
8 | 26959 | 1.775 |
Price($) | Vol. | No. |
---|---|---|
1.800 | 23761 | 17 |
1.805 | 95553 | 15 |
1.810 | 118939 | 22 |
1.815 | 68055 | 10 |
1.820 | 165995 | 13 |
Last trade - 10.37am 20/08/2024 (20 minute delay) ? |
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KAR (ASX) Chart |