ryanmoc
For the past few weeks, the " trend has been for the stock to retreat, then buyers come in and push the stock higher.
Since Wednesday when it briefly hit 15Nz( no real technical significance) but a psychological one, the trend has been stock up 1-2% then is selling off.
I don't do TA on a short term basis, but 13.78 would be a key point on the downside and we seem to have support at 13.97.
Personally, buying it here at about 14 or 13.78 won't make much of a difference.
In Fibonacci terms, 17 is a midrange resistance on the road to 21.
Time period? Depends on new fundamentals in the future.
I believe the next key drivers will be the hiring of the new China Ceo, specifics on Fontera, some type of move with cash pile, ie buyback, acquisition,
Above just my humble opinion
hope it helps
H
Chart Update, page-4799
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Last
$6.79 |
Change
-0.200(2.86%) |
Mkt cap ! $4.908B | |||
| Open | High | Low | Value | Volume |
| $6.88 | $6.90 | $6.73 | $16.74M | 2.457M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $6.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.80 | 8517 | 2 |
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| Last trade - 16.10pm 05/08/2024 (20 minute delay) ? |
| A2M (ASX) Chart |