My view is that the stock is in a descending triangle, with a one year downtrend, and support at roughly $0.38. At the moment it looks like it should break to the upside, but my experience with these sort of patterns on smaller stocks is that this can take a while.
That's because you've got a lot of investors in an unrealized loss who have already made up their minds to get out - and are waiting for any share price strength to do so. Most likely they can do quite well if they decide to wait - but they are making a backwards looking decision, rather than a forward looking one.
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My view is that the stock is in a descending triangle, with a...
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Last
12.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $129.7M |
Open | High | Low | Value | Volume |
12.5¢ | 12.5¢ | 12.0¢ | $13.98K | 113.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2665 | 12.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.5¢ | 19336 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2665 | 0.120 |
3 | 175663 | 0.115 |
6 | 266167 | 0.110 |
1 | 50000 | 0.105 |
2 | 205000 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 19336 | 1 |
0.130 | 24239 | 2 |
0.135 | 55548 | 2 |
0.140 | 48674 | 3 |
0.145 | 133053 | 4 |
Last trade - 15.08pm 12/07/2024 (20 minute delay) ? |
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FLC (ASX) Chart |