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11.0¢ elixir energy limited

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657 Posts.

156

29/07/20

19:58

Post #: 46164709
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Originally posted by Glyndwr: ↑

Ok guys I dont really think that my charting methods are suited to small caps but here is a thought for you, using a couple of old tried and tested methods I have good news and bad.......
Gann's 50% rule..... very common, FMG follows it to a tee but anyway brief explanation, if you pick the bottom and top of the recent run (1.7c - 9.4c) the share price will retrace 50% of that value, so we have a range of 7.7c, - 50% will take us to 5.6c.....anyone spot the gap there? I was amazed no-one mentioned it when it occured, there are many gap lovers out there. So as shown, its totally over bought so a retrace was nailed on, the question is how far? will it fill the gap at 5.6c? We will see.
Dont worry, as you all know, we always end a post on a positive.... if this does follow Ganns 50% rule we will then run 100% of the range from the bottom so the next resistance will be 14.5c.
Anyway, dont shoot the messenger, I didn't write the rules but I certanly do follow them, lets see how this goes.

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ha ha check out ESK chart works for small caps too...

EXR Price at posting: 8.1¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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(20min delay)
Last 11.0¢		Change 0.000(0.00%)		Mkt cap ! $124.7M

Open	High	Low	Value	Volume
11.0¢	12.0¢	11.0¢	$115.8K	1.025M

Buyers (Bids)

No.	Vol.	Price($)
21	862431	11.0¢

Sellers (Offers)

Price($)	Vol.	No.
12.0¢	476767	10

View Market Depth

No.	Vol.	Price($)
21	862431	0.110
9	1758342	0.105
35	1654963	0.100
1	6000	0.099
1	50000	0.097

Price($)	Vol.	No.
0.120	476767	10
0.125	69450	5
0.130	197223	5
0.135	70000	3
0.140	544159	8

Last trade - 16.10pm 16/05/2024 (20 minute delay)


Last 11.5¢			Change 0.000 ( 4.55 %)
Open	High		Low	Volume
11.3¢	11.5¢		11.0¢	693132
Last updated 15.59pm 16/05/2024 ?

EXR (ASX) Chart