About a year ago there was a 10m share trading day, and about six months ago there was a 5m share trading day.
When the buyers at those prices and intervening prices are happy with PAR prospects, then resistance can be broken.
Another way of looking at that is, until when have 15m shares been sold at the purchase price by buyers so that they can exit if they want. One school of thought is it takes 140 trading days for buyers after a surge to exit or decide to stay.
(Jones (?) circa 2001)
The important consideration is, has there been a CR anywhere along the. Yes there has! Which, IMO requires a reset to all charts. GLTAH and chartists.
IMO. DYOR.
Chart, page-3235
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Last
19.0¢ |
Change
-0.010(5.00%) |
Mkt cap ! $66.54M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 21.0¢ | 19.0¢ | $203.4K | 1.019M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 387930 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 65468 | 2 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| PAR (ASX) Chart |