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
94.5¢ |
Change
-0.025(2.58%) |
Mkt cap ! $143.0M |
Open | High | Low | Value | Volume |
97.5¢ | 97.5¢ | 93.5¢ | $119.9K | 125.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3042 | 93.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
96.0¢ | 6531 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3042 | 0.935 |
6 | 17765 | 0.930 |
4 | 16731 | 0.925 |
1 | 5500 | 0.920 |
1 | 3000 | 0.915 |
Price($) | Vol. | No. |
---|---|---|
0.960 | 6531 | 2 |
0.970 | 9939 | 1 |
0.975 | 628 | 1 |
0.980 | 830 | 1 |
0.990 | 10000 | 1 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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HCH (ASX) Chart |