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
Add ZEO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
3.4¢ |
Change
-0.001(2.86%) |
Mkt cap ! $59.61M | |||
| Open | High | Low | Value | Volume |
| 3.5¢ | 3.5¢ | 3.4¢ | $957 | 28.13K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 701329 | 3.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.5¢ | 722142 | 2 |
View Market Depth
| Last trade - 15.42pm 16/05/2024 (20 minute delay) ? |
|
|||||
|
Last
3.4¢ |
Change
-0.001 ( 3.03 %) |
||||
| Open | High | Low | Volume | ||
| 3.5¢ | 3.5¢ | 3.4¢ | 36193 | ||
| Last updated 15.42pm 16/05/2024 ? | |||||
| ZEO (ASX) Chart |