Following the recent announcement, the past week's trading action has seen a break through the existing support line of $0.024. This held for a day or two after the announcement, but there wasn't enough interest to sustain it.
Any expectations of massive panic selling haven't quite followed through. Tuesday did see volumes of 16 million, but from Wednesday onwards, each day's volumes were less than half of Tuesday's:
The large number of red daily candles suggests that intraday prices are highest in the early part of the day, but when no fish are biting, positions are closed out, and the day's trade closes a pip lower.
Thursday also saw a break through the 50-day moving average, which now sits at $0.024. The break has been the first since August.
Following the recent announcement, the past week's trading...
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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 |