Hey Freehold,
I agree with some of your reasoning, being the volume drop without a corresponding price drop which to me is an extremely bullish signal.
The SP is being supported above the 3 days highs in early January of .14 and at the high of .145 on 16th Jan (.145 is 100% of Range from .115 Low which is a triple top on the Weekly and very bullish).
I think due to volume and price that we can expect a bounce to .175 being 200% of Range in the next day or 2. It is also bullish to me that the SP has now closed 4 Days at the same price(being supported by someone) I refer to 3-6/7/12 and 13-17/9/12 as examples of what may be about to occur. IMHOOC and DYOR
Also of note is this rally so far has lasted 9 Days from .115 low.
The last time Ctp rallied for this Time frame it went up from 18/9/12 after making low on 17/9 of .10 to 8/10/12 and a high of .185 (8.5 Point Rally in 21 days) on its way to .20
The Time before that it went from low of .092 29/7/12 to 18/7 and a high of .135 (4.3 Point rally which is 16 or 18 days depending on how you call it (I say 18)which is close enough to 21 days for me.
Anyway thats my 2 bobs worth and good luck to all holders
snider
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Last
5.2¢ |
Change
-0.001(1.89%) |
Mkt cap ! $38.75M |
Open | High | Low | Value | Volume |
5.3¢ | 5.4¢ | 5.2¢ | $14.31K | 272.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 472516 | 5.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.4¢ | 325000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 472516 | 0.051 |
2 | 150000 | 0.050 |
2 | 255000 | 0.049 |
2 | 263952 | 0.048 |
1 | 150000 | 0.045 |
Price($) | Vol. | No. |
---|---|---|
0.054 | 325000 | 1 |
0.055 | 60757 | 1 |
0.056 | 112500 | 2 |
0.058 | 570046 | 3 |
0.059 | 519508 | 2 |
Last trade - 14.48pm 09/10/2024 (20 minute delay) ? |
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