I find the weekly chart more interesting than the daily. Here is my interpretation.
The green line is showing me the upper price of the 2 year down trend and that the down trend has been broken. I'm saying it is a breakout and not a false breakout because of the trend channel that has formed. Another positive is the increase in average volume since the start of the uptrend.
I still have my sentiment as hold as the stock price is still scraping the bottom and can easily break out in either direction. It could also be argued the stock is in an accumulation phase due to the increase in volume.
Cheers
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I find the weekly chart more interesting than the daily. Here is...
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Last
15.5¢ |
Change
0.005(3.33%) |
Mkt cap ! $70.37M |
Open | High | Low | Value | Volume |
15.5¢ | 15.5¢ | 14.0¢ | $119.0K | 821.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 7143 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.5¢ | 4000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 206037 | 0.135 |
2 | 11519 | 0.130 |
1 | 7750 | 0.125 |
1 | 10000 | 0.120 |
2 | 4305 | 0.115 |
Price($) | Vol. | No. |
---|---|---|
0.165 | 4000 | 1 |
0.170 | 296215 | 1 |
0.175 | 115264 | 4 |
0.180 | 111500 | 3 |
0.185 | 2500 | 1 |
Last trade - 16.10pm 29/04/2024 (20 minute delay) ? |
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Last
14.0¢ |
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Change
0.005 ( 12.5 %) |
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Open | High | Low | Volume | ||
15.0¢ | 15.0¢ | 14.0¢ | 103557 | ||
Last updated 15.47pm 29/04/2024 ? |
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EGR (ASX) Chart |