My honest opinion without behind in my office with the chart …
We likely have just had a breakaway gap up … Most gaps get filled in time but not in early stages of price re-rates … I remember this happening in lots of Lith players early moves and thinking I will wait till they get filled . Still waiting and some have gone on 20+ x price … The impressive thing here is the volume every back test is light whilst up trusts on better volume . Yes the candles all have had wicks (but this can be used in there advantage to accumulate whilst removing some traders ) .. Generally if it’s a true breakaway gap I would expect another to come followed by a parabolic move … (Yes there will be swings and likely shakeouts ) but the overall picture is bullish …
Now if we look at the downtrend resistance which has been broken in this move (that’s a very good indicator that a new bullish uptrend is in progress)
Where to from here ? Well that’s for management to keep active in their handling of news flow to keep this positive momentum building …
I don’t give price targets but I’m pretty comfortable that in 6 months the price will not be down here if management do their job …
Dont get me wrong I will take some profits on the way but will maintain a position as long as the news flow is what we are expecting .
GLTA
TS
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Last
10.0¢ |
Change
0.003(3.09%) |
Mkt cap ! $11.01M |
Open | High | Low | Value | Volume |
10.0¢ | 10.0¢ | 9.9¢ | $42.65K | 427.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2984 | 9.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.0¢ | 59122 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2984 | 0.097 |
1 | 22015 | 0.096 |
2 | 17526 | 0.095 |
1 | 10752 | 0.093 |
4 | 148600 | 0.090 |
Price($) | Vol. | No. |
---|---|---|
0.100 | 59122 | 1 |
0.105 | 100000 | 1 |
0.110 | 350725 | 3 |
0.115 | 80000 | 2 |
0.120 | 4800 | 1 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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PNN (ASX) Chart |