Technically ARQ is looking the best it has for ages. MACD is looking very positive.
Yesterday's important technical rise was accompanied by strong volume - the persistent sellers who kept putting on $100,000 worth at a time kept being taken out and ARQ finished at its high for the day.
Over 2005 in a roaring energy sector ARQ has been a very disappointing stock market performer. It has a lot of catching up to do.
I did note some time ago that ARQ had probably bottomed:
Subject re: ** finally moving!!!
Posted 29/12/05 19:04 - 173 reads
Posted by siameseparrot
IP 203.123.xxx.xxx
Post #844726 - in reply to msg. #844642 - splitview
Another positive is the largest daily volume for at least a year of 3.48 million on 20th. December.
That was a day ARQ opened at $1.69, was sold off to $1.605 and closed at $1.655.
Often high volume accompanies the final low of a significant correction.
Technically ARQ is looking the best it has for ages. MACD is...
Add 5GN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
14.5¢ |
Change
0.005(3.57%) |
Mkt cap ! $44.26M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 14.5¢ | 14.3¢ | $40.06K | 276.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 2540008 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 70000 | 3 |
View Market Depth
| Last trade - 10.35am 07/11/2024 (20 minute delay) ? |
| 5GN (ASX) Chart |