The top of a 4 year trendline, down of course, is 15c.
If you look at the ask(it has dropped today) you will see a big sell on 15c. Those seller believe this rally will end at the trendline as it has for the last 4 years. I am not going to make any prediction as that is going to be a massive hurdle. What is good so far is the consistent high volume of this rally, something not seen by shareholders for a number of years. Also there is a noticeable increase in sentiment on these threads. Finally the 1 year trendline I alluded to in the first post at approx 7c has been broken and has held in a week when a CR at 6.5c was completed oversubscribed with the week finishing at the weekly high of 8.5c. Now that is bullish for holders, nonholders though may try to spin something else. Chart looks good IMO.
EGR Chart, page-18
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 (20min delay)
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Last
15.5¢ |
Change
-0.010(6.06%) |
Mkt cap ! $70.37M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.0¢ | 15.0¢ | $19.00K | 123.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 73453 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 12381 | 1 |
View Market Depth
| Last trade - 13.02pm 01/05/2024 (20 minute delay) ? |
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Last
15.0¢ |
Change
-0.010 ( 6.25 %) |
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| Open | High | Low | Volume | ||
| 15.5¢ | 15.5¢ | 15.0¢ | 34557 | ||
| Last updated 14.15pm 01/05/2024 ? | |||||
| EGR (ASX) Chart |