Stating the bleeding obvious but this is referred to in TA speak as a "V" shaped recovery.
A relatively rare event caused not by retail but institutional buying & short covering.
The repeating patterns are extraordinarily accurate hence my use of the Commodity Channel Index.
Volume was the key here & that's what makes the choo choo go.
To those who claim that technical analysis doesn't work on Biotechnology stocks, pfffft!
imo dyor
Stating the bleeding obvious but this is referred to in TA speak...
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Last
5.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $382.1M | |||
| Open | High | Low | Value | Volume |
| 5.3¢ | 5.3¢ | 5.2¢ | $160.0K | 3.048M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 882045 | 5.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.3¢ | 457736 | 5 |
View Market Depth
| Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
| IMU (ASX) Chart |