Last time the share price got to mid to low 70s supply completely evaporated.
So do you truly believe investors who bought /accumulated shares for over a year (share price was over 80c in may 2016) are going to sell out at a loss if the share price falls below your lower blue line with a target price of 45c?
Interested to hear your thoughts.
Problem with TA is it can never take into account FA which is its biggest problem.
Chart, page-92
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Last
16.5¢ |
Change
-0.005(2.94%) |
Mkt cap ! $177.5M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 16.8¢ | 16.5¢ | $4.343K | 26.32K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 244189 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 670034 | 6 |
View Market Depth
| Last trade - 15.45pm 03/05/2024 (20 minute delay) ? |
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Last
16.5¢ |
Change
-0.005 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 16.5¢ | 16.5¢ | 16.5¢ | 28969 | ||
| Last updated 12.41pm 03/05/2024 ? | |||||
| FLC (ASX) Chart |