One of the tools I use to assess the technicals is OBV, though it seems not so many people use it.
I had a look at ABU OBV, and to me it looks generally strong, easing back with the pullback from the 6.5c high, but no negative divergence. To me that signals ongoing accumulation rather than distribution. Given the fundamentals, value, and good outlook for more ounces, that signals to me that ABU will be significantly higher in a few months time.
I could be wrong though. DYOR
One of the tools I use to assess the technicals is OBV, though...
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.353M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $5 | 1.636K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 10571362 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 22041357 | 21 |
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| Last trade - 10.06am 08/07/2024 (20 minute delay) ? |
| PRX (ASX) Chart |