Even though I hate calling tops & bottoms - as you're only setting yourself up to be wrong... LOL
I'm going to stick my neck out & say this morning's capitulation selling down to 5.6c was the trend low in this cycle
There has been a nice flush out of ST money / trader money over the last week from 7.7 down to 5.6 this morning.
The fact it has already bounced to 6c is key for mine.
Clearly how it plays out the rest of the day is equally important, however with the solid FA behind the story, this now may be on the next leg higher.
For confirmation I'd be wanting to see more volume than yesterday (16m on ASX) & for a close near the top of the candle for the day.
Even though I hate calling tops & bottoms - as you're only...
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.129M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $1.95K | 650K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 37 | 29538791 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 2321592 | 4 |
View Market Depth
| Last trade - 10.09am 23/08/2024 (20 minute delay) ? |
| ODE (ASX) Chart |