OOuch! Market reacted as expected to the announcement.
Key support is 21¢ being previous valley low (August global sell-off) but more significantly, its coincidentally the EMA(200) level. This convergence at 21¢ means it should be as strong as cryptonite... so going below wont be pleasant for any holders. There could be alot stop losses at this level and more than will likely get tested with a few throw away sells orders.
The antidote to this scenario would be a Monday pre-market announcement of highly mineralised long interval cores from the recent diamond drill campaign.
Looking above, the hurdle will be the EMA(50) and the descending resistance line to set an uptrend in motion.
OOuch! Market reacted as expected to the announcement.Key...
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Last
26.0¢ |
Change
0.035(15.6%) |
Mkt cap ! $66.71M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 28.0¢ | 23.0¢ | $279.3K | 1.108M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 14850 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 121638 | 3 |
View Market Depth
| Last trade - 15.53pm 26/09/2024 (20 minute delay) ? |
| AGC (ASX) Chart |