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
$1.86 |
Change
-0.020(1.06%) |
Mkt cap ! $1.490B |
Open | High | Low | Value | Volume |
$1.89 | $1.90 | $1.86 | $10.23M | 5.473M |
Buyers (Bids)
No. | Vol. | Price($) |
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12 | 182248 | $1.86 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.87 | 2500 | 1 |
View Market Depth
No. | Vol. | Price($) |
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9 | 118940 | 1.860 |
12 | 142249 | 1.855 |
45 | 226542 | 1.850 |
9 | 34738 | 1.845 |
18 | 164934 | 1.840 |
Price($) | Vol. | No. |
---|---|---|
1.865 | 2500 | 1 |
1.870 | 2500 | 1 |
1.875 | 12235 | 3 |
1.880 | 37560 | 4 |
1.885 | 132975 | 5 |
Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
$1.88 |
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Change
-0.020 ( 0.30 %) |
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Open | High | Low | Volume | ||
$1.89 | $1.90 | $1.86 | 1114760 | ||
Last updated 15.59pm 16/05/2024 ? |
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