Hi village
It's good having your contrary view.
I agree with part of your post, and fyi professional traders operate in many different ways.
From a TA perspective (and thanks to the one weasel that continues to report my posts), this is now in new territory.
Resistance was at 3 cents, so todays retrace back to support (previous resistance) was always going to happen even though some posters ramping the stock are only calling it Up.
The test of resistance should see a bounce!
Unlike many trading patterns, this then has no overhead resistance so further gains could be seen and quite quickly!
Time will tell!!
Cheers
CHK - Disallowed Potential 220M structure $4m Market Cap 0 Cash, page-147
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $21.48M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.4¢ | $1.338K | 287.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 13818384 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 7569810 | 12 |
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| Last trade - 11.23am 15/07/2024 (20 minute delay) ? |
| ALR (ASX) Chart |