Retrace in progress as can be seen. Technicals are just statistics placed on a chart- they are NOT a crystal ball, but they give valuable pointers in trend and oversold, overbought positions. Just because the stock plunged through 39c doesn't mean technicals were 'wrong' (they were never the bible in the 1st place!)- it just means the stock is even MORE oversold. Some on this thread saw this and bought more at 31-32c are reaping $$$ rewards.
Sometimes in the world of irrationality when it comes to human emotional buying/ selling- technicals could be a surprisingly consistent constant. Fundamentals can sometimes take a while to catch up. Ignore at your peril...
A return to the 50c mark is not out of the question here, but ST over 50c is less likely now once it hit 31c lows.... but I feel that most of the trades would have been happy to take the profit today or moro...
chart, page-21
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Last
2.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.173M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30000 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.0¢ | 138167 | 2 |
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| Last trade - 16.12pm 16/08/2024 (20 minute delay) ? |
| ASQ (ASX) Chart |
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