There is nothing about this decline that is a surprise, anyway that's been covered.
I wouldn't worry too much about being below 50 cents, that's actually a positive not a negative. Below 47 cents structurally is a concern as it indicates a new structure is being formed within a larger degree. It's necessary though in order for that gap to be filled.
If it can comfortable hold the lows of the low 40s it will essentially create a new wave of activity, one bullish structure within a larger bullish structure.
At the moment it's still a watch but has moved a lot closer to being a positional buy.
ww1
There is nothing about this decline that is a surprise, anyway...
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Last
$10.13 |
Change
-0.630(5.86%) |
Mkt cap ! $3.028B | |||
| Open | High | Low | Value | Volume |
| $10.59 | $10.63 | $10.13 | $28.78M | 2.784M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 30806 | $10.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.30 | 14109 | 2 |
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| Last trade - 16.10pm 28/08/2024 (20 minute delay) ? |
| PDN (ASX) Chart |