Yep, that bearish divergence has kicked in after being rejected at the 62% fib @ $1.89 right around the time the spot price started to drop again. I jumped out 10 days back on that little rise and am waiting to see where it settles down after this correction. The intraday charts have a higher low set up at the moment, but I'm wary of a B wave and a further drop to one of these two fib levels. This could be wave 2 of the larger wave 3 here too so we want it to stay above $1.31 to keep that count in play.
The volume is very light so there shouldn't be any serious concern for long term holders IMO, there's just a lot of caution out there from buyers at the moment allowing it to be walked down pretty easily.
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Last
26.0¢ |
Change
0.020(8.33%) |
Mkt cap ! $67.75M |
Open | High | Low | Value | Volume |
25.5¢ | 27.0¢ | 24.5¢ | $219.1K | 858.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 37500 | 25.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
27.0¢ | 60000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 37500 | 0.250 |
2 | 32081 | 0.245 |
2 | 103000 | 0.240 |
1 | 160000 | 0.235 |
3 | 167783 | 0.230 |
Price($) | Vol. | No. |
---|---|---|
0.270 | 60000 | 2 |
0.275 | 80000 | 3 |
0.280 | 42176 | 4 |
0.285 | 3512 | 1 |
0.290 | 16000 | 1 |
Last trade - 15.53pm 07/10/2024 (20 minute delay) ? |
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GL1 (ASX) Chart |