There will be interest in this stock because of the upcoming drilling at Sovereign Hill and the soon to be released Wilga Downs results...
The falling wedge pattern is consolidation so the support lines should hold the price until results of some kind are released....
Because the pattern has a 68% Success rate and is a bullish pattern - I am expecting a break to the upside however the price needs to bounce off 6 (0.18c) and start to move up soon otherwise a solid close below 0.18c would negate the pattern...
A closing Doji below the 200EMA today would do or a close above it would be very bullish as it has already hit 6 (lower line).
Of course the DOW is a concern as previously stated - GL
Chart, page-880
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Last
14.0¢ |
Change
-0.010(6.67%) |
Mkt cap ! $61.83M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.0¢ | 14.0¢ | $91.42K | 616.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 137359 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 12000 | 2 |
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| Last trade - 16.10pm 16/10/2024 (20 minute delay) ? |
| DEV (ASX) Chart |