The weekly chart closed very constructively.
After the break out and first leg to 8.3c and $12m cap raise to wash through, the consolidation in the form of a pennant is technically a strong pattern, after it breaks the prior weeks high. I generally give that a litttle wiggle room and so a break of 6c and the rise in the SP should be quick for the 3rd leg of the trend. This leg tends to be stronger and longer. Should not see prices trade below 4.5c again.
Further, I like that the weekly moving averages are crossing to the upside. Its been 4 years since that was the case.
Not advise, just my opinion.
The weekly chart closed very constructively. After the break out...
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Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $23.18M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 0.9¢ | $22.32K | 2.244M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 3183495 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 836427 | 6 |
View Market Depth
| Last trade - 16.10pm 30/07/2025 (20 minute delay) ? |
| BLG (ASX) Chart |