TA bear case, given the macro situation (US Fed telling fibs about debt ceilings, China possibly on verge of fin crisis). Click for larger:
Logarithmic scale needed here for the large fall. Still locked into down trend. Breached last point of support on the gap up, thanks to overall market bearishness (Wyckoff spring perhaps...)
Possible support at 84c for previous high, although it's not backed up by volume. For the gapheads, 77c needs to be closed.
Curious to me is the OBV - up 64M on the big buy-in, down 20M since. This puts a lot of holders in the red. I'm one of them, but didn't buy the top thank goodness. No, I bought the bottom of the first retrace! lol seemed so smart for about two weeks. Currently trying to figure out if I'm a 'true believer' and so pick the bottom again to average into.
I don't think there's an appetite among sellers for those lower SP targets. The new bottom may form in 'thin air', especially if positive news arrives.
Chart Thread, page-1442
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Last
59.5¢ |
Change
0.035(6.25%) |
Mkt cap ! $65.61M | |||
| Open | High | Low | Value | Volume |
| 56.0¢ | 59.5¢ | 56.0¢ | $20.62K | 36.04K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 446 | 56.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 60.0¢ | 30002 | 3 |
View Market Depth
| Last trade - 15.57pm 23/08/2024 (20 minute delay) ? |
| IIQ (ASX) Chart |