Higher highs and lows forming off of the 30week ema.
Hard to call as statistically these ascening triangles work more often in an upwards trend with momentum behind them. This structure has the opposite as true.
However again, support from a 30week ema for a stock that has broken out of a nice base more often than not provides a good buying opportunity with a good market behind it. Broader market appears to be risk on but this changes every few days.
Recent cap raise at $5 has perhaps put the floor in (which typically is the case).
Lack of selling pressure follow-through after the decline is a soft bullish signal.
Preliminary support around 4.89
Could be a small trade above 5.09.
Accumulation zone for investors by the looks of it.
Higher highs and lows forming off of the 30week ema.Hard to call...
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Last
$2.51 |
Change
0.030(1.21%) |
Mkt cap ! $474.1M | |||
| Open | High | Low | Value | Volume |
| $2.52 | $2.58 | $2.50 | $1.029M | 404.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1855 | $2.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.54 | 614 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| WBT (ASX) Chart |