Well here goes- I'm guessing you will laugh at this one.....ATHE is in the process of completing a "Flag" formation. These are usually quite reliable. The time period currently for most of Flags I have spotted complete in 13 tradings days after the Pole. 7/21/20 will be the 13th day. The next trading day or very soon after the stock usually trusts upward. There is no law that this will happen every time on the 14th day. Another interesting point is that the Robinhood players in the stock has fallen from 3,278 at the peak to 1,356 all while ATHE has been building the flag. That leads me to believe they have been exiting the trade - selling into the consolidation therefore the current trading range is supported by Investor/buy & hold types.
Please remember That TA is NOT a science but a study in probabilities. I have lost track of how many times I have been wrong.
ATHE & the Flag chart formation
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 (20min delay)
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Last
0.5¢ |
Change
-0.001(16.7%) |
Mkt cap ! $26.22M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.5¢ | $501.4K | 91.10M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 71 | 70438990 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 7499794 | 14 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
0.6¢ |
Change
-0.001 ( 8.33 %) |
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| Open | High | Low | Volume | ||
| 0.6¢ | 0.6¢ | 0.6¢ | 3568393 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| ATH (ASX) Chart |