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
3.6¢ |
Change
-0.001(1.39%) |
Mkt cap ! $64.87M | |||
| Open | High | Low | Value | Volume |
| 3.7¢ | 3.7¢ | 3.5¢ | $9.52K | 267.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 66076 | 3.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.6¢ | 58613 | 1 |
View Market Depth
| Last trade - 15.19pm 10/05/2024 (20 minute delay) ? |
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Last
3.5¢ |
Change
-0.001 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 3.5¢ | 3.5¢ | 3.5¢ | 113219 | ||
| Last updated 14.05pm 10/05/2024 ? | |||||
| ZEO (ASX) Chart |