The market is doing what it does best, testing investors' resolve as well as testing previous support/resistance levels, of both the long term up trend and recent counter down trend charts.
The back test of the down trend SD 2 today has been respected (thus far).
Closing prices that consistently respect SUPPORT at the $2.23c. level will be the catalyst for further upside..........keeping in mind, the closing price is the one that matters.
Just my take.
These two charts may help (or not) explain the price action.
Cheers.
Chart Update, page-2282
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Last
$3.53 |
Change
-0.020(0.56%) |
Mkt cap ! $1.606B | |||
| Open | High | Low | Value | Volume |
| $3.55 | $3.56 | $3.49 | $4.074M | 1.153M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1145 | $3.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.55 | 18295 | 4 |
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| Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
| NWH (ASX) Chart |