It's interesting learning about resistance and support levels and whether they play out just for learning purposes and make better trades in terms of entry points.
I zoomed out back to Jan to Sept 2020. Clearly can see resistance at $0.95 before covid news. Then during mid Apr to mid May 2020 it can be seen to retest the $0.95 resistance before breaking out late May. If you zoom out back to Oct 2019, we can also see resistant at the $0.95-1.00 level. If EMV has further to drop during next few months due to overall market sell off sentiment out of EMV's control, would you think the previous resistance will act as some support. It's not there yet.
Right now it's appears to be testing the 76.4% $1.30 Fibonacci level from $0.40 low in Feb/Mar 2020 to $4.20 high in Jan 2022. This was also a previous resistance level during mid May end of June 2020.
It takes time to distribute shares from sellers to buyers so there will be plenty of opportunity.
Chart, page-2362
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Last
$2.09 |
Change
0.070(3.47%) |
Mkt cap ! $178.7M | |||
| Open | High | Low | Value | Volume |
| $2.03 | $2.09 | $2.03 | $42.61K | 20.71K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $2.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.10 | 3000 | 1 |
View Market Depth
| Last trade - 15.52pm 18/10/2024 (20 minute delay) ? |
| EMV (ASX) Chart |