Well hasn’t this offered up some gifts over the past couple of days….
After bouncing off about $1.18 recently, it broke out above $1.40 to confirm the W double bottom.
This gave an indicative price target of $1.62, ie 22c above $1.40, coinciding nicely w the 23.6 fib.
Put a spec sell up at that price and was pretty amazed to see it get taken out yesterday. Hungry bulls.
Fair to say that price/fib was rejected pretty strongly today. This is a dollar stock that has run 40c on no news in a month, so we shouldn’t be surprised by the profit taking today.
Wicked down to $1.50 for a second and closed above within a whisker of the 38.2 @$1.535. I jumped back in @ $1.52. My only concern is we could be seen to not have made a new high above $1.765. On balance i expect some positive news out of the AGM and buyers still strongly outnumber sellers. See how it plays out.
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Last
$2.05 |
Change
-0.370(15.3%) |
Mkt cap ! $1.154B |
Open | High | Low | Value | Volume |
$2.24 | $2.25 | $2.00 | $11.00M | 5.284M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 22175 | $2.04 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.05 | 2998 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 11515 | 2.040 |
3 | 35115 | 2.030 |
6 | 20065 | 2.020 |
7 | 36134 | 2.010 |
16 | 53511 | 2.000 |
Price($) | Vol. | No. |
---|---|---|
2.080 | 30000 | 2 |
2.090 | 2756 | 2 |
2.100 | 18830 | 5 |
2.110 | 9944 | 2 |
2.130 | 4694 | 1 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
AX1 (ASX) Chart |
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