I am frustrated just as you are, as I got in relatively higher prices. ANP price fell by -1.50% yesterday and has now fallen 3 days in a row. During the day the stock fluctuated 2.56% from a day low at A$0.19 to a day high of A$0.20. The price has fallen in 4 of the last 10 days, but is still up by 1.03% over the past 2 weeks. Volume has increased on the last day by 327 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 609 thousand shares were bought and sold for approximately $120K. The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, bots and some calculus expect the stock to fall -8.48% during the next 3 months and, with a 90% probability hold a price between $0.14 and $0.19 at the end of this 3-month period. Note that if the stock price manages to stay at current levels or higher, bot calculation for a prediction target will start to change positively over the next few days as the conditions for the current predictions will be most certainly broken.Signals & Forecast: stock holds a sell signal from the short-term moving average, however buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $0.20, which we have already seen over the past couple of weeks. On a fall, the stock will find some support from the long-term average at approximately $0.19, which I believe we are currently testing. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal (ns sherlock). Furthermore, there is a buy signal from the 3 month MACD. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tues last week (28/09) and so far we have fallen -6.19%. Further fall is indicated until a new bottom pivot has been found. We have gained volume on the last day, but on falling prices. In technical terms, this is so called divergence and may be an early warning, but I'm expecting some consolidation around these prices to about 17c over the next few weeks without news flow, with strong support around 15.5c. Keep calm my friend if you're a trader I can understand if you're worried but if you have invested in the fundamentals, you shouldn't be worried at this stage. Keep in mind we were borderline over bought last Monday (27/9), and we touched the top of the Bollinger Band, so technically expected for us to drop a bit and consolidate. It's just one of those times where the market is anti(common)sense haha, TA never changes the FA. This short term movement will pass and in 1-2 years if you held, we will have 10x bags easy, and you wouldn't care about short term price movements between of 22c to 17c. Like my good friend @Mason14 always says "patents, patients, patience", you'll just have to practice the latter, while the company does the former two. GLTAH.
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Last
7.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $69.41M |
Open | High | Low | Value | Volume |
7.7¢ | 8.0¢ | 7.7¢ | $134.7K | 1.732M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 99278 | 7.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.9¢ | 122500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 99278 | 0.077 |
1 | 10000 | 0.075 |
1 | 104866 | 0.074 |
1 | 12990 | 0.073 |
2 | 400000 | 0.072 |
Price($) | Vol. | No. |
---|---|---|
0.079 | 122500 | 1 |
0.080 | 222798 | 2 |
0.081 | 120000 | 1 |
0.083 | 206000 | 2 |
0.085 | 250000 | 2 |
Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
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Last
7.7¢ |
  |
Change
0.000 ( 0.00 %) |
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Open | High | Low | Volume | ||
7.9¢ | 8.0¢ | 7.7¢ | 70281 | ||
Last updated 15.51pm 07/05/2024 ? |
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