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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Yep, that bearish divergence has kicked in after being rejected...
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Last
24.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $63.84M |
Open | High | Low | Value | Volume |
25.0¢ | 25.0¢ | 24.0¢ | $39.52K | 160.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5838 | 24.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.0¢ | 266284 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5838 | 0.240 |
1 | 10000 | 0.235 |
6 | 73127 | 0.230 |
1 | 44444 | 0.225 |
7 | 53775 | 0.220 |
Price($) | Vol. | No. |
---|---|---|
0.250 | 266284 | 6 |
0.260 | 2250 | 1 |
0.265 | 250716 | 2 |
0.270 | 3707 | 1 |
0.275 | 52000 | 2 |
Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
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