Today is only the second out of 13 trading days since the resource announcement where the buyers have outnumbered the sellers (as indicated by a close higher than the open). The other was March 9 (open 46, close 49), which failed with a gap up open on the next trading day and a lower close.
Need to watch closely tomorrow to see if a reversal here is possible. If we get confirmed at tomorrows close we'll trigger technical buy signals. If it can be sustained we could set up a cup and handle break out. Next resistance is at 51 - 52c.
buyers take control
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Last
18.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $47.95M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 18.5¢ | 18.0¢ | $20.97K | 114.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 370645 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 40000 | 1 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| PEK (ASX) Chart |