That candle on the 6th Feb was a beautiful bottoming signal and the market delivered beautiful trades since then. But yesterdays candle falling through the bollie median level brings the lower bollie into play again. MACD supports this.
Looking at the order book, you wouldn't want that order for 200k at .75 to get pulled or there's not much resistance there. IMO.
For the loooong holders the weekly is the most important chart for you and it remains in the negative trading down the lower bollie. MACD has never been bullish unfortunately.
Hopefully there's a reversal coming for holders to get the SP out of these downtrends but until that happens it's going to be tough going unfortunately.
The current short position is minor.
Cheers
That candle on the 6th Feb was a beautiful bottoming signal and...
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Last
24.0¢ |
Change
-0.010(4.00%) |
Mkt cap ! $129.4M | |||
| Open | High | Low | Value | Volume |
| 24.0¢ | 24.5¢ | 23.0¢ | $838.1K | 3.541M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 370468 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 21820 | 2 |
View Market Depth
| Last trade - 16.10pm 19/06/2025 (20 minute delay) ? |
| PMT (ASX) Chart |