I'm completely in agreement with your trend channel and while the majority expect it to find support there around $6 if the Nasdaq goes to hell in a handbasket there is IMO a 50/50 chance that support will break. As I've said from the outset the stock is moving in three waves and not five and completed an ABC move at 14.50.
If support breaks on the trendline then I believe $1 or less is inevitable
Chart - Z1P, page-6362
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Last
$2.58 |
Change
-0.040(1.53%) |
Mkt cap ! $3.420B | |||
| Open | High | Low | Value | Volume |
| $2.58 | $2.59 | $2.56 | $469.1K | 182.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 72459 | $2.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.58 | 5995 | 4 |
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| Last trade - 10.10am 04/10/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |