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
$1.23 |
Change
-0.015(1.21%) |
Mkt cap ! $2.935B | |||
| Open | High | Low | Value | Volume |
| $1.24 | $1.25 | $1.22 | $6.760M | 5.505M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7894 | $1.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.23 | 238325 | 2 |
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| Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
| DEG (ASX) Chart |