A bit of simple charting but the BET chart is a wonderful thing and doesn’t require much complexity.
If you pay attention to the trading zone we are in and follow the 9MA. You will notice that the low of the day will touch and bounce off of it consistently. Although if we see a close below the 9MA that’s where we see the price drive north ~10c-20c.
Which at current levels is ~10%-20% gains. (Duh)
Now, it appears this may happen again soon (although may not) I believe if it does a price hike of 10c-20c will follow and this will then see a break through of the $1.50 resistance and follow as support thereafter.
Due to break out of $1.50 by the end of the next two weeks. Granted, by that time, the 9MA will be sitting roughly $1.55-57.
(In theory being the low of the day, not necessarily the close).
Keep in mind, this is based off of NO NEWS. So to those looking to enter, you’ve either got until it closes below the 9MA. But no longer than 2 weeks.
And as Mr Buffett says “time in the market is better than timing the market” - So just bloody load the hell up. Not hard.
Whales Swim Deep
Grannys Swim Deeper
And The Cobber Snorkels and Watches Below!!
Good luck Cobbers and Cobbettes.
BET chart, page-265
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Last
9.1¢ |
Change
-0.002(2.15%) |
Mkt cap ! $87.82M |
Open | High | Low | Value | Volume |
9.3¢ | 9.3¢ | 8.8¢ | $121.7K | 1.349M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 9.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.2¢ | 50311 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 0.091 |
1 | 627454 | 0.090 |
1 | 43072 | 0.089 |
2 | 40000 | 0.088 |
1 | 13000 | 0.087 |
Price($) | Vol. | No. |
---|---|---|
0.092 | 50311 | 1 |
0.093 | 95965 | 1 |
0.094 | 70513 | 1 |
0.095 | 204428 | 4 |
0.096 | 1151515 | 4 |
Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
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