This is my interpretation of the TA side of the things...
The upwards trend-line on the daily chart has broken it's support @ 2.1c (and has also fallen below the 20 day EMA). With the H&S formation being charted, without any further positive news, technically speaking we should be trading in the range of 1.5 - 1.7c very soon. The volume over the last two recent SP spikes (2.8c and 2.2c on chart) is also drying up indicating that interest is slowly fading away at the moment. I guess punters/traders were expecting news by now. I know I was and I'm sure there are many other in the same boat. If the SP erodes to 1.5c I will definitely be buying more but I'm hoping for news before then.
Just my thoughts on the current situation.
This is my interpretation of the TA side of the things... The...
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.929M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 44 | 21949541 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 8145583 | 8 |
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| Last trade - 12.02pm 16/08/2024 (20 minute delay) ? |
| ECT (ASX) Chart |
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