Volume is still giving indications of trading within a consolidation range, at least for now.
.
We need to get over 50m shares traded to confirm that buyers are in control. For a big rise, possibly closer towards 100m - when I mean big rise, it could take us towards 5. But at this stage, without confirmation, opposite can also happen, so best to follow price action.
.
Today's trading was positive. What may happen tomorrow is different, but today was good. If we can hold here, I will not be surprised to see a move, first towards 4.6, then 5, and then towards our recent high of 5.8. But buyers have to step up.
I had mentioned that without news/big buyer, the technicals will be in play. I feel still the technicals are in play. Technicals drove us down. They are helping us hold here for now. Watching carefully now, but more positive that I was 2 days back, when we were trying to play mids 4s. Why? First I expected this drop and if something plays as you think, one gets a bit more assured. Second, I like this hold of 3.8. I always thought we may go lower and then make a big push upwards. So its playing out accordingly, that doesn't mean I am right, it could just go down lower. But odds of going higher is now better than going down. As always, please dyor. All the best.
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Last
1.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $71.58M |
Open | High | Low | Value | Volume |
1.6¢ | 1.6¢ | 1.6¢ | $48.49K | 3.031M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
69 | 11724323 | 1.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.6¢ | 7185517 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
68 | 11524323 | 0.015 |
39 | 15431095 | 0.014 |
15 | 7145249 | 0.013 |
10 | 3248416 | 0.012 |
7 | 3685000 | 0.011 |
Price($) | Vol. | No. |
---|---|---|
0.016 | 7185517 | 11 |
0.017 | 5647726 | 12 |
0.018 | 2779770 | 9 |
0.019 | 2608617 | 11 |
0.020 | 4180356 | 15 |
Last trade - 10.00am 20/08/2024 (20 minute delay) ? |
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AZL (ASX) Chart |