Stochastics show the stock being dramatically oversold, the volume has been extremely low, the price is at the bottom of the bollinger bands, we are about to hit long term support.
There is no selling power. There is no buying power. I think if the stock goes below 15c buying power will build as it did in August.
On a more negative note, if you look at the chart going back to June 2010, we have actually breached the support trendline which should theoretically be at 16c by now.
calling a spade a spade., page-22
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Last
29.5¢ |
Change
0.015(5.36%) |
Mkt cap ! $428.5M | |||
| Open | High | Low | Value | Volume |
| 28.5¢ | 30.5¢ | 28.0¢ | $833.4K | 2.824M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 388130 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 39940 | 3 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| IMM (ASX) Chart |