@W3hynter I think your divergence will playout. Just a casual look around your Point 2 is a "W" Garley pattern which was bearish and has played out on the support line. New financial year will see the stock rise. Tax selling by traders to reduce tax liability on closing stock if they sit in profit and want to hold for the big lick on markup or if they are on the other side of the ledger sell the loss to reduce liability on gains from elsewhere. All good.
@W3hynter I think your divergence will playout. Just a casual...
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Mkt cap ! $254.1M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.3¢ | 10.0¢ | $156.5K | 1.560M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 1236215 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 10.5¢ | 1986974 | 19 |
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| Last trade - 16.10pm 23/04/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
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| Last updated 15.50pm 23/04/2024 ? | |||||
| RNU (ASX) Chart |