The 61.8% fibbonacci retracement of the move down from 10.5c high on May 31st 2011 to the low on 4th/5th Oct 2011 at 5.4c sits at 8.55c
Add to that we have now got a quadrouple top at 8.5c since Dec 2011 which makes it hard to get through that level.
. . . but if it does I am less concerned about what happens around 10.5c this time.
I think the key is 8.5c not 10.5c as I first thought - if we can break through that level then 10.5c will just prove a liquidity point for fresh buyers.
explosive point at 8.5c
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2.0¢ |
Change
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Mkt cap ! $49.36M | |||
| Open | High | Low | Value | Volume |
| 2.0¢ | 2.1¢ | 2.0¢ | $21.31K | 1.053M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 5730857 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 724070 | 5 |
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