AUZ 6.67% 0.8¢ australian mines limited

The week's trading action has shown that last Monday's open of...

  1. 250 Posts.
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    The week's trading action has shown that last Monday's open of 0.028 was the high point, and after that, the price never recovered. Daily trading volumes hovered around 5 million, apart from Thursday's volume of 14 million. That day's doji formation suggested that buyers were the most optimistic at that point, but alas it wasn't sustained:

    https://hotcopper.com.au/data/attachments/1746/1746469-28301153fb7812764c75d9b94aa9b647.jpg

    With September almost over, the monthly chart shows a rather high upper shadow for the second month in a row. Interestingly, it was the first instance of two (monthly) green candlesticks for a long time - but that could all change tomorrow:

    https://hotcopper.com.au/data/attachments/1746/1746472-68a94c14c487ab31433255c8dd33173a.jpg

    The stock has also shown a pronounced fall from the upper Bollinger Band to the lower Bollinger Band. This is repeating the pattern that existed in June, which took longer to play out. But once that fall was over, the price recovered, and bounced back to the upper band in two or three weeks:

    https://hotcopper.com.au/data/attachments/1746/1746476-65af19188f879e39abf746b24372592b.jpg

    But again, if there's a bad announcement (or no announcement) on Monday, AUZ may go much lower than the lower band come Tuesday.

    If there's no announcement during regular trading on Monday, the closing price auction might see big volumes to avert a big gap down on Tuesday's open.
 
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(20min delay)
Last
0.8¢
Change
0.001(6.67%)
Mkt cap ! $11.18M
Open High Low Value Volume
0.7¢ 0.9¢ 0.7¢ $45.94K 5.737M

Buyers (Bids)

No. Vol. Price($)
7 4463881 0.8¢
 

Sellers (Offers)

Price($) Vol. No.
0.9¢ 4364826 10
View Market Depth
Last trade - 16.10pm 03/07/2024 (20 minute delay) ?
AUZ (ASX) Chart
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