As expected, the failure to take out $1.80 resistance after numerous attempt is a sign of price weakness and exhaustion. GOR chart was already showing it in the Divergence. Following the footsteps of the slide in POG, GOR SP retraced and the GAP at $1.65 is now closed. Overall the price action continues to show further weakness. What good announcements can we expect to come out of today's AGM to lift the SP?
Failure to break out of the Pennant to take out 1800, POG has retraced to the descending line, and rebounded off it. However there is no sign of a reversal yet. POG could drift lower. A fall below 1700 will invalidate the breakout from the Pennant. Strong support is at 1640.
Gold Road Anthem ?, page-163
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Last
$1.78 |
Change
0.005(0.28%) |
Mkt cap ! $1.922B | |||
| Open | High | Low | Value | Volume |
| $1.78 | $1.79 | $1.78 | $345.8K | 194.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 25914 | $1.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.79 | 25066 | 9 |
View Market Depth
| Last trade - 10.08am 15/08/2024 (20 minute delay) ? |
| GOR (ASX) Chart |