IMCO it is one of those moments where the market reaction doesn't quite match the announcement. However it does match the TA and my wave count (i ii iii iv v for wave 1 up). Therefore a wave 2 ? down logically would have to follow.
The question is when market participants come to their collective senses, establish the bottom for wave 2 ? and take today's positive announcement for what it is? Obviously we have to shake out some day traders at the same time of which some probably have already been burned.
Updated chart showing the above interpretation ...
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Last
3.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $63.12M |
Open | High | Low | Value | Volume |
3.6¢ | 3.6¢ | 3.6¢ | $10K | 277.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1190857 | 3.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.6¢ | 499999 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1190857 | 0.034 |
2 | 162596 | 0.031 |
1 | 433333 | 0.030 |
2 | 234400 | 0.029 |
3 | 232571 | 0.028 |
Price($) | Vol. | No. |
---|---|---|
0.036 | 499999 | 1 |
0.037 | 72233 | 1 |
0.038 | 397904 | 2 |
0.039 | 180000 | 1 |
0.040 | 1125000 | 3 |
Last trade - 10.08am 02/08/2024 (20 minute delay) ? |
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ZEO (ASX) Chart |