Today was terrific, congrats to all retail holders who held tight through the capital raise.
It is always impossible to predict the future, but things look exceptionally strong from a charting perspective.
Long green candles on high volume are usually followed by more gains.
You can backtest this on the chart below. Look at the candle from 5c to 6c, and what followed.
The most exciting thing that can happen is for the price to 'gap upwards' as happened last week and this week.
I am not saying that long green candles are always followed by gains - anything can happen.
But pay attention to the volumes traded.
If we have a red day tomorrow (on small volume) then it can be an opportunity to accumulate.
No stock has ever continued upwards without taking a breather, but in my opinion this has a long way to go.
Today was terrific, congrats to all retail holders who held...
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Last
1.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $71.58M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.6¢ | 1.5¢ | $54.27K | 3.549M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 65 | 13333613 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 7765192 | 13 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| AZL (ASX) Chart |