I was looking at that volume on the monthly today too. Don't forget though, that there are a lot more shares on issue now than there were a couple of years ago.
The chart is not giving us much direction at the moment. A few observations:
- $0.041 looks to be a strong support line. $0.049 appears to be providing resistance for the time being.
- I'm predicting we will never see the share price get back to the double bottom of $0.034 (29 Jan, 5 Feb) again.
- There was a bullish breakout gap at the open on 22 Feb (yellow circle) on good volume.
- Over the next couple of days volume grew but a lot of punters cashed in their chips between $0.047 and $0.053 on 25 Feb (yellow arrow).
- Although the share price has consolidated between $0.041 and $0.049 in the past couple of weeks, its been creeping up again on falling volume. Is someone trying to accumulate without pushing the price over $0.05?
- I'm more inclined to think that a breakout on volume is more likely to be to the upside.
- The copper bull market is having a pause around US$4/lb.
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Last
78.5¢ |
Change
-0.005(0.63%) |
Mkt cap ! $118.8M |
Open | High | Low | Value | Volume |
81.0¢ | 81.0¢ | 77.5¢ | $138.2K | 174.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 600 | 78.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
78.5¢ | 20084 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 600 | 0.780 |
3 | 40846 | 0.775 |
3 | 62482 | 0.770 |
1 | 1658 | 0.765 |
2 | 6658 | 0.760 |
Price($) | Vol. | No. |
---|---|---|
0.810 | 1079 | 1 |
0.820 | 6000 | 1 |
0.835 | 11538 | 1 |
0.840 | 14444 | 2 |
0.845 | 4046 | 1 |
Last trade - 16.10pm 12/08/2024 (20 minute delay) ? |
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HCH (ASX) Chart |