Price has rebounded off the weekly 21ema resistance since September (yellow - currently at 15c). I have posted about this a few times. A break and weekly close above will likely see price heading to 17c IMO, where the real test, the weekly 200ma (purple - currently at 16.8c), will be waiting.
Daily chart showing 8ema (orange - currently at 13.6c) now validated as support as well as the horizontal resistance of upper band of the previous channel at 14c now acting as support. A bounce off 14c is pivotal to validate this level as support for the rally to continue.
Weekly Chart:
Daily Chart:
Price has rebounded off the weekly 21ema resistance since...
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Last
5.7¢ |
Change
0.003(5.56%) |
Mkt cap ! $417.2M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.8¢ | 5.2¢ | $2.499M | 45.00M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1921794 | 5.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.7¢ | 1368288 | 7 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| IMU (ASX) Chart |