My thoughts on the current fiasco.
The following is a weekly chart showing possible movements. Note the two 'Trend based Fib extension' tools seem to find mutual support at 0.37cents within the falling channel, with a possible retrace to 0.59c (top of the channel) then forming a double bottom before a break out to 0.65~0.725c (Fib retracement 50~61.80%) .
The other possibility: it fails and may find support at 0.225c at the 200/78.60% range.
Otherwise, total failure at 0.37c on the bottom chord would be devastating.
My thoughts are on 0.37c being a catalyst either way.
Hope this helps.
My thoughts on the current fiasco.The following is a weekly...
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Last
59.0¢ |
Change
0.030(5.36%) |
Mkt cap ! $104.2M | |||
| Open | High | Low | Value | Volume |
| 56.0¢ | 59.5¢ | 55.5¢ | $75.90K | 130.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 6276 | 58.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 59.0¢ | 845 | 2 |
View Market Depth
| Last trade - 11.27am 20/06/2025 (20 minute delay) ? |
| ASM (ASX) Chart |