Hi Pete, I called the bottom a few days ago with the chart. Support seems very solid at $2 and it is slowly drifting sideways, volumes are way down (but $400k isn't zero volume either). I suspect that it will continue to trend sideways as buyers are prepared to snatch up shares at near $2 but fade away as the price rises.
The price will rise in the future on FA from an announcement regarding the drilling rigs. This should be telegraphed 3-7 trading days in advance with a rise in the SP, those in the know will plunge for a quick trade. It is only guess work as to when that occurs.
One must remember that sideways is a trading direction too, as frustrating as that is!
chartists only please, page-78
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.74M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.5¢ | $484 | 88.54K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 2947616 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 10091525 | 13 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| AEV (ASX) Chart |