BB squeezes generally result in breakouts. The BBs will chase the price from the breakout. Looking at the chart it is bullish, volume building at historically low prices moving the price up = bullish
The gap may get closed, but I wouldnt risk my position around that.
IMO this chart doesn't give any idea what is going to happen in 3 months time.
chart, page-16
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Last
0.3¢ |
Change
-0.001(16.7%) |
Mkt cap ! $7.929M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $44 | 17.45K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 41 | 20136877 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 7719786 | 3 |
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| Last trade - 15.44pm 07/08/2024 (20 minute delay) ? |
| ECT (ASX) Chart |