IMO - Some positive aspects of our technical position.
We haven't closed below the long term support line so its still in play for a bounce. If it fails I feel 58 cents will catch it.
There was solid buying when the new found support was respected back at 37 cents in October 2021. I remember it well as I added in Super, trading & investment accounts. Ensuing bounce resulted in a 41% rise with 11 trading days. So am looking for a similar rounding bottom to occur here.
Few low volume tight range days / weeks.....
Solid gap to 85 cents which of course will be filled at some point.
Would be very interesting to see that 41% in 11 day bounce here with the 6% short positions in play.
Looming meeting with the medium term resistance for all time high - breakout high potential of occurring by end of December.
Im not blindly posting, I do realise there needs to be something to kickstart the move and am confident based on December historically has been a good month for holders. As always Im open to dialogue and opinions around this as its just the current situation as I view it.
Also is the below starting to look familiar? I put us as completing Wave 4. If this occurs, its put some old charting posts back into play.
If I was short, I would be running a tight stop.
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Last
16.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $309.0M |
Open | High | Low | Value | Volume |
16.0¢ | 16.5¢ | 15.5¢ | $917.7K | 5.763M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
66 | 3010453 | 15.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.0¢ | 808746 | 18 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
66 | 3010453 | 0.155 |
134 | 4564026 | 0.150 |
28 | 831496 | 0.145 |
37 | 852958 | 0.140 |
9 | 209576 | 0.135 |
Price($) | Vol. | No. |
---|---|---|
0.160 | 808746 | 18 |
0.165 | 436164 | 8 |
0.170 | 1298528 | 17 |
0.175 | 902112 | 15 |
0.180 | 1385875 | 20 |
Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
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