More than just a spike I reckon. I see last Thursdays bar as a shakeout bar to exhaust supply, Fridays as a test bar to check for supply at lower price levels, then higher lows and higher highs with increasing volume since then. Looks like accumulation to me.
The 2 hour chart makes it look more dramatic.
As @wottagunn said, let's see what happens at the close today
Chart - TA, page-3839
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Last
$1.17 |
Change
0.030(2.63%) |
Mkt cap ! $2.804B | |||
| Open | High | Low | Value | Volume |
| $1.14 | $1.18 | $1.13 | $8.314M | 7.201M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 67363 | $1.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.18 | 218784 | 10 |
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| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| DEG (ASX) Chart |