We are a new company and new sector with different brokers/pros buying(or selling) us now so as Architect pointed out our trading pattern from here on in could easily be different - we could be more volatile, more choppy or complete opposite. Too early to tell.
That being said our history as RSL and SRT certainly apply. Charting is a visual of human activity or psychology/supply and demand and our history remains relevant unless you want to discard any knowledge of yourself and everyone else ever holding shares at lower prices.
For example 2.8c is where the breakout point was and where alot of volume has churned through from SRT days. From a technical perspective 2.8 is new support.
From historical/psychological perspective we have a tonne of holders from 2.8 who have watched it go all the way up to 3.5, now their first thought as all humans naturally think is "shouldve bought more"(greed). When price finally falls back down to 2.8 they act upon this and buy more and this is what causes "support" to occur. Hence we cant disregard previous trading as plenty of holders from that era which will create demand and supply at different prices.
Hope that helps
IAM chart discussion only, page-16
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2.4¢ |
Change
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Mkt cap ! $13.63M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 128307 | 2.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.2¢ | 6416 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 128307 | 0.020 |
1 | 688535 | 0.019 |
1 | 345696 | 0.018 |
1 | 1000000 | 0.017 |
1 | 1000000 | 0.016 |
Price($) | Vol. | No. |
---|---|---|
0.024 | 265827 | 2 |
0.026 | 220000 | 1 |
0.028 | 1000000 | 1 |
0.030 | 780000 | 2 |
0.040 | 100000 | 1 |
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