It looks like there is strong support at this level, with professional investors gradually selling at 40c. The stock may consolidate here or go through a correction.I believe upcoming news is already priced in, so we would need significantly better-than-expected news to break the resistance - unless gold moves higher.
Personally, I’m on the fence for now, waiting either for a correction or a new buying impulse from professional investors.
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Last
42.0¢ |
Change
0.045(12.0%) |
Mkt cap ! $271.4M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 42.0¢ | 39.0¢ | $891.0K | 2.203M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 41.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 300 | 1 |
View Market Depth
| Last trade - 16.10pm 01/08/2025 (20 minute delay) ? |
| GG8 (ASX) Chart |