"According to what the charts were saying we shouldn't have corrected this low"
A chart always follows the market. The market does not follow a chart.
The issue here is one of crystal ball gazing. Patterns break down all the time. Chartists are proved wrong a lot of the time. We look for high probability patterns, but the market will do what it wants to do - yes ,and moreso in a penny stock where price is easily influenced.
But stay interested. Though you'll find that theres one basic problem with posting charts - they are static representations of market structure at a point in time, whereas market dynamics may completely negate this scenario one bar later. Most TA's will have a risk control measure in place - that is, they'll assume the market setup is pointing to a high probability trade and control their exit/losses should the market prove them wrong.
But if we go back to the basics, on a weekly chart we are still in an uptrend. Im hoping the pain is short lived!! GLTA
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Last
13.0¢ |
Change
-0.010(7.14%) |
Mkt cap ! $99.66M |
Open | High | Low | Value | Volume |
14.0¢ | 14.0¢ | 13.0¢ | $161.6K | 1.188M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 585220 | 13.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.0¢ | 178483 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 513457 | 0.130 |
10 | 568703 | 0.125 |
10 | 501097 | 0.120 |
4 | 427695 | 0.115 |
5 | 529000 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 140070 | 2 |
0.145 | 134305 | 3 |
0.150 | 66600 | 2 |
0.155 | 149900 | 5 |
0.160 | 223500 | 4 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
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