Hi all,
I'll be as objective and honest as possible. I don't hold anymore and don't plan on buying back either, so I have nothing to gain/lose.
Chart isn't great, but for anyone wanting to average down (or up!), this might help to set some key points for buy orders. We've broken past a lot of significant support, especially the 50-57c area which has now turned into an area of resistance.
On the WEEKLY, fib retracement gives next support at 36c. Around this PINK range would be where I'd be scattering my buy orders as this is where the next area of support lies (see the DAILY below). There's also a gap in this area, as someone mentioned previously. I'd probably expect a short bounce maybe tomorrow or this week, but I do see it eventually going into the 30s to look for interest, so be patient unless you're swing trading. Wouldn't recommend catch a falling knife as I've seen many people do the past few days from 65c down. it's hard to value a company after such a company-transforming announcement, and may take some time to find ground.
Indicators showing a swing to the downside for the medium-long term. As I said, if I was looking objectively at it, the chart is saying 'sell'.
Here's the DAILY (again, I'd just focus on the weekly above, as most here are long-term holders), this just helps see the buy zone a bit better
Make of that what you will, not financial advice etc. However, I still see a lot of potential at these prices, and am fairly confident if I were to buy at these prices I'd outperform the market for the next few years, however, no longer meets my RvR criteria.
To the long-term holders that have all lost a substantial amount of hard-earned money, keep your head up; it's just a bad day, not a bad life.
I always find some solace in this poem, "If-" by Rudyard Kipling
Although I'm not a holder anymore, feel free to tag me if you need a chart, although I'm sure we've got plenty of new chartist investors on board.
Cheers
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Last
5.2¢ |
Change
-0.002(3.70%) |
Mkt cap ! $19.28M |
Open | High | Low | Value | Volume |
5.3¢ | 5.3¢ | 5.2¢ | $31.56K | 601.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 607259 | 5.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.7¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 607259 | 0.051 |
3 | 61812 | 0.050 |
1 | 20800 | 0.048 |
1 | 25000 | 0.040 |
1 | 15000 | 0.035 |
Price($) | Vol. | No. |
---|---|---|
0.057 | 10000 | 1 |
0.059 | 54000 | 2 |
0.060 | 56000 | 3 |
0.065 | 64169 | 1 |
0.066 | 48000 | 2 |
Last trade - 15.52pm 28/10/2024 (20 minute delay) ? |
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