Price Action just isn't the whole picture here.
Money Flow Index charted below, currently in a bullish divergence (you wouldn't believe it, another one!), previous was a bearish divergence followed by a big dip in the MFI, then price action followed.
The current correction is an accumulation phase IMO, the only above average volume has been buying pressure, most though has been waiting in the bid stack for frustrated sellers. When the announcements start to roll watch for a few line wipes followed by the late panic buyers into the distribution phase.
If this doesn't play out, I'll take my 0.5% portfolio loss medicine and move onto the next opportunity.
Price Action just isn't the whole picture here.Money Flow Index...
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.20M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.7¢ | $3.391K | 484.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 30067192 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 8231831 | 9 |
View Market Depth
| Last trade - 12.42pm 19/06/2025 (20 minute delay) ? |
| ENV (ASX) Chart |