Fridays breakout volume has directed me to update my chart.
- Volatility in price action has contracted and I think it has a little further to go in tightening up before any meaningful move could be expected.
- Volume drying up so the supply coming to market is thinning.
- Price trying to pull away from emas.
- Looks like a period of accumulation has taken place over past 6 months with buyers happy to soak up the selling.
Still high conviction long hold play for me with fundamentals and technicals in alignment.
Monthly view, can see that overhead supply is being absorbed with the thrusts upwards. Perhaps still a few more impatient holders to get through.
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Last
3.8¢ |
Change
-0.004(9.52%) |
Mkt cap ! $8.515M |
Open | High | Low | Value | Volume |
4.0¢ | 4.0¢ | 3.8¢ | $12 | 300 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 24500 | 3.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.6¢ | 93 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 24500 | 0.035 |
1 | 30000 | 0.033 |
2 | 259033 | 0.031 |
3 | 46738 | 0.030 |
1 | 10500 | 0.026 |
Price($) | Vol. | No. |
---|---|---|
0.036 | 93 | 1 |
0.040 | 5499 | 1 |
0.041 | 20000 | 1 |
0.042 | 36576 | 1 |
0.043 | 19607 | 1 |
Last trade - 13.33pm 02/10/2024 (20 minute delay) ? |
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8CO (ASX) Chart |