It is the volume basically, with such a large number of shares on offer unless there is a major change in the value of the company both this QBL/BOT/ZLD will all have retrace to there own individual cap point. Once it reaches an accumulation target day or st traders will load up, then when announcement hits you get a slight rise before massive resistance builds from the sell off.
This pattern will repeat in all these shares that have very little sources of revenue and are in the early stages presently, your options are either to buy low sell high, trade on the daily pips, or hold for a long time and hope to see major resistances broken once the company actually has major achievements to show, such as a great annual report with 200% revenue gains etc. Even with a cash loss, continual revenue gains over 6 month periods demonstrate increased sales and a future in which the company will be cash positive.
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dont get it, page-13
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Last
55.0¢ |
Change
0.015(2.80%) |
Mkt cap ! $26.62M |
Open | High | Low | Value | Volume |
50.0¢ | 55.0¢ | 40.5¢ | $9.135K | 17.05K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 679 | 51.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
54.0¢ | 24 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2500 | 0.405 |
1 | 1000 | 0.360 |
1 | 2000 | 0.350 |
1 | 12000 | 0.340 |
1 | 1633 | 0.300 |
Price($) | Vol. | No. |
---|---|---|
0.550 | 1527 | 1 |
0.570 | 9732 | 1 |
0.575 | 214 | 1 |
0.590 | 2000 | 1 |
0.650 | 45000 | 1 |
Last trade - 14.16pm 04/10/2024 (20 minute delay) ? |
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