The close below the sd line yesterday, and the gap down open this morning, prompted a revisit to the recent (counter) down trend from the high of $3.085c. on 29/05 to the low of $1.95c. on 15/08.
The end of that trend would have been confirmed with consistent CLOSES ABOVE $2.51c.
The low today was halted @ $2.13c........... the down trend lr horizontal line.
The close today finished @ $2.15c.............respecting the down trend upper lr line.......a very tight range (tight is good).
The volume today was 'not too shabby' and I note, with interest, there was a substantial buyer @ $2.15c. into the close.
No, it wasn't I........but I did acquire some at that level.
Further share price weakness would bring the $2.025c. level into the mix.
Just my take.
Cheers.
Chart Update, page-1576
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Last
$3.35 |
Change
0.040(1.21%) |
Mkt cap ! $1.524B | |||
| Open | High | Low | Value | Volume |
| $3.31 | $3.37 | $3.29 | $3.216M | 962.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5639 | $3.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.36 | 6713 | 2 |
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| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| NWH (ASX) Chart |