Unfortunately it will with no news, to many other stocks making money elsewhere with transparent management. The 22 is just to close the gap which may not be a bad thing, but I think some of the buyers at 23 / 22 are fake and will pull when it comes close and when the gap closes it will keep sliding to test 19 again ON NO NEW. It will be a slow slide and small sell off's but the longer this goes on, the further it will slide, and it will be a long slow bleed as sentiment changes.
We were in a good position of higher highs and higher lows but that has now reversed
As I have always said, the only people that can change this sentiment is management by letting everyone know the "achievements" they have already had and what we can look forward to. we might see a 25 close at auction.
We are still in a bearish continuation of a falling 3 methods where during a downtrend, a long black candlestick occurs, following by three candles of small real bodies that fall into a short uptrend. On the fifth candle, the bears come in strong to close at a new low. This small uptrend, in between two long black candles, is consistent with investors taking a break. The downward should continue.
Some positives are:
1. There are still buyers (although setting new daily lows (which is bearish)
2. they are "on track"
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Last
3.5¢ |
Change
0.001(2.94%) |
Mkt cap ! $57.25M |
Open | High | Low | Value | Volume |
3.4¢ | 3.5¢ | 3.4¢ | $13.34K | 391.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 241364 | 3.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.5¢ | 421180 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 241364 | 0.034 |
5 | 701773 | 0.033 |
4 | 340572 | 0.032 |
4 | 427411 | 0.031 |
9 | 4306666 | 0.030 |
Price($) | Vol. | No. |
---|---|---|
0.035 | 421180 | 1 |
0.038 | 15999 | 1 |
0.039 | 149999 | 1 |
0.040 | 103150 | 2 |
0.041 | 44192 | 1 |
Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
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