Classic trading patern...
Volume of the 13th attracted sellers who used the increased volume as a possible exit. Quite common with low volume stocks..
The volume of the 17th finally broke 1.6, which attracted buyers, and at 2.4 we had a one bagger in a week, so I understand that for traders this is a nice exit. I am not a trader, so unless we go real bonanza before anything is announced I am not on the sell side.
There we already touched 1.6 three months ago recent price action is just the beginning. We can move a few pips down to test new support but compared to the possible upside this is really of no importance at all. Below 1.6 we can expects sideways movement, lack of interested and continuation of the waiting game.
Cheers
Classic trading patern... Volume of the 13th attracted sellers...
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Last
24.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $176.5M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 25.5¢ | 24.5¢ | $240.7K | 961.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 657746 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 108000 | 1 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| FEX (ASX) Chart |