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
$1.89 |
Change
0.025(1.34%) |
Mkt cap ! $1.055B |
Open | High | Low | Value | Volume |
$1.86 | $1.89 | $1.86 | $649.1K | 345.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 689 | $1.89 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.89 | 21699 | 25 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 638 | 1.885 |
28 | 22742 | 1.880 |
13 | 23037 | 1.875 |
13 | 24321 | 1.870 |
11 | 42941 | 1.865 |
Price($) | Vol. | No. |
---|---|---|
1.890 | 21661 | 24 |
1.895 | 9864 | 10 |
1.900 | 61218 | 11 |
1.905 | 8481 | 7 |
1.910 | 122575 | 7 |
Last trade - 15.33pm 03/07/2024 (20 minute delay) ? |
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AX1 (ASX) Chart |
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