Volume today was around average or a bit below, not what I would want to see on a green day, however the sellers were not letting go easily. I think if it gets to 37c we'll see a big increase in volume as some punters who bought in the CR take the opportunity to get their capital back.
If the price can get back up to 36c by lunch time on at least 220k volume then we could have a game changer, but I'm more inclined to think like the others, the price will drift on low volume and return to maybe the 33c level.
The bots were missing in action today which also helped on the upside, if they're back on the case again tomorrow I'll be somewhat bearish.
The key for me though will be volume, if the price is bid back up to 36c with increased volume then I think it's game on, but realistically from past trading performance you wouldn't want to hang your hopes on it.
Cheers
Chart, page-5347
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Last
12.0¢ |
Change
0.010(9.09%) |
Mkt cap ! $129.7M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 12.5¢ | 11.0¢ | $43.08K | 370.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 75675 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 518962 | 4 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FLC (ASX) Chart |