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.
It looks like there is strong support at this level, with...
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Last
47.5¢ |
Change
-0.015(3.06%) |
Mkt cap ! $298.2M | |||
| Open | High | Low | Value | Volume |
| 50.5¢ | 50.5¢ | 47.5¢ | $520.5K | 1.069M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18639 | 47.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.5¢ | 4807 | 1 |
View Market Depth
| Last trade - 16.10pm 13/06/2025 (20 minute delay) ? |
| GG8 (ASX) Chart |