I thought the second gap might get filled, or at the very least for 33.5 to act as a solid resistance level. Nope, just four days to blow through it.
I also thought that we would follow the US price, but here we are advancing on large volumes in anticipation of tonight's action.
You don't see this very often, so I fully understand some deciding to lock in profits at this juncture.
What's the chart looking like up ahead? Well, 39.5 cents doesn't look too strong, and then there's no clear resistance level aside from 58.5 cents, but there's plenty of long candles in both directions, and plenty of long wicks from the market again locking in profits, resisting the SP trying to move higher. I think the correct technical term for what's up ahead is "a dog's breakfast".
When we hit 11.5 cents there were a lot of buyers in the 33.5 to 58.5 cents range that were down 65 to 80%. Ouch! Normally a lot of those holders would be grateful to get their money back, contributing to us having to grind our way up through this range. Normally ....
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I thought the second gap might get filled, or at the very least...
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Last
29.5¢ |
Change
0.005(1.72%) |
Mkt cap ! $145.8M |
Open | High | Low | Value | Volume |
29.0¢ | 29.5¢ | 28.5¢ | $131.6K | 454.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 25430 | 28.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
29.5¢ | 159982 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2500 | 0.275 |
4 | 57408 | 0.270 |
3 | 36000 | 0.265 |
3 | 174897 | 0.260 |
5 | 223093 | 0.255 |
Price($) | Vol. | No. |
---|---|---|
0.295 | 159982 | 4 |
0.300 | 275788 | 6 |
0.305 | 144422 | 5 |
0.310 | 180510 | 11 |
0.315 | 124000 | 3 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
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