Zeo has been in a consolidation phase for some time now.
Tax loss selling has been evident across the board this June, as everyone has a lot of profits from the financial year.
The stock gave a small false break low at 6.8 last Thursday and then gave a buy signal on the daily chart on Friday.
A weekly chart buy signal will be generated with a close above 7.3 this Friday.
The 200dma is slowly climbing...adding to support.
Sellers appear to be dwindling, with the June turnover the lowest monthly volume in over 1 year.
Stock appears to be settling in strong hands.
Chart Action
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 (20min delay)
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Last
2.4¢ |
Change
-0.001(4.00%) |
Mkt cap ! $42.08M | |||
| Open | High | Low | Value | Volume |
| 2.6¢ | 2.8¢ | 2.4¢ | $74.97K | 2.986M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1085042 | 2.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.8¢ | 604763 | 2 |
View Market Depth
| Last trade - 16.10pm 19/04/2024 (20 minute delay) ? |
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Last
2.4¢ |
Change
-0.001 ( 4.00 %) |
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| Open | High | Low | Volume | ||
| 2.6¢ | 2.7¢ | 2.4¢ | 1146397 | ||
| Last updated 12.58pm 19/04/2024 ? | |||||
| ZEO (ASX) Chart |