The price is pretty much where it should be. I know that charting is more of an art than a science, so allow me to paint a Picasso.
The current price falls on the 21-day SMA and EMA which are both around 0.2-0.205.
The price is a few cents above the 51-day average which signals short term strength after the 0.1 raising.
The fact that the 0.764 fib line is at 0.2 helps solidify the possibility for this to be support. Yes, it's not the 0.618 mark which falls on 0.18, but hey, the market believes that 50 million market cap for the potential is worth it.
Therefore, fair market price for this stock sits firmly at 0.2 - 0.205 right now. Mrs. Goyder agrees. Money talks.
Chart, page-213
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Last
29.5¢ |
Change
-0.010(3.28%) |
Mkt cap ! $130.1M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.0¢ | 29.5¢ | $68.46K | 230.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 92866 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 2500 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| DEV (ASX) Chart |