I'm quite happy for you to look at the daily and weekly candle chart and observe the false break of 3c for yourself.
If you can't interpret it....you can google 'false break/spring' and read up on candlestick formations.
At this stage....the chart suggests the low is in, and that stands until the stock trades below 2.7c.
Which provides an easy trade, and an easy stop loss.
A long term buy signal will now be given on the monthly chart if February's candle closes above the current candle(January's).
Of course, this is all Technical Analysis...which I believe in as it's made me money for 30years. You are welcome to ignore it.
I'm quite happy for you to look at the daily and weekly candle...
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 (20min delay)
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Last
3.7¢ |
Change
-0.002(5.13%) |
Mkt cap ! $64.87M | |||
| Open | High | Low | Value | Volume |
| 3.8¢ | 3.8¢ | 3.7¢ | $16.72K | 449.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 75000 | 3.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.8¢ | 500000 | 1 |
View Market Depth
| Last trade - 15.30pm 03/05/2024 (20 minute delay) ? |
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Last
3.7¢ |
Change
-0.002 ( 2.63 %) |
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| Open | High | Low | Volume | ||
| 3.7¢ | 3.7¢ | 3.7¢ | 276527 | ||
| Last updated 12.59pm 03/05/2024 ? | |||||
| ZEO (ASX) Chart |