Have had a good look at the charts for this one. Don't know many of you guys very well but i'll leave you with my take on the TA.
Today with a trading range of 0.039-0.075 marks a trading range of over 92%. Absolutely insane volatility like this creates an environment that traders (and myself) live for.
On the upside:
A break above $0.044-45 may allow the SP to test up to to $0.049.
$0.05 marks a strong breakout out of the current ST downtrend. Any push above $0.05 may light another rocket under the SP towards the 6cent mark.
On the downside:
There seems to be a LT support at $0.037. I suspect this level could be tested, fitting within the current downtrend range. If this support holds, I see potential for another push towards $0.044-45, however a push below this looks like it could test $0.029. (This may present a good buying opportunity)
Overall:
I do believe this afternoon was largely due to trader's and T+2's closing their positions as suggested by other posters. Unfortunately I suspect many more games to be played tomorrow and the crazy volumes to continue. I have high hopes for this stock in the LT, but the volatility won't stop here.
I would encourage LTer's to stay firm as I believe you have picked a winner here.
Hope this helps,
~YT
ALL IMO. Not financial advice. Do you're own research and interpret charts as you please.
Chart, page-198
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Last
50.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $55.76M |
Open | High | Low | Value | Volume |
50.0¢ | 50.0¢ | 50.0¢ | $1.5K | 3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 16101 | 49.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.0¢ | 7000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10101 | 0.495 |
4 | 10040 | 0.490 |
1 | 4310 | 0.485 |
5 | 27823 | 0.480 |
3 | 12315 | 0.475 |
Price($) | Vol. | No. |
---|---|---|
0.500 | 7000 | 1 |
0.505 | 17500 | 2 |
0.530 | 10000 | 1 |
0.535 | 5127 | 1 |
0.540 | 3000 | 1 |
Last trade - 12.29pm 17/09/2024 (20 minute delay) ? |
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