Nice breakout over the last 3 days possibly confirming wave 1 of 5 of the next Impulse Wave. The downward trendline and the 100 EMA have crossed and the share price has clearly decided to break to the upside of the wedge, completing what appears to be a Bullish Pennant. I note the Parabolic SAR has also flipped, indicating a trend reversal, switching to a positive trend phase. I would look to the gap likely closing today at $0.33 with the next Fib level in sight at $0.349 for the near term, given decent volume. It will be interesting to see how it plays out over the next couple of days.
Nice breakout over the last 3 days possibly confirming wave 1 of...
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Last
5.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $373.3M | |||
| Open | High | Low | Value | Volume |
| 5.1¢ | 5.2¢ | 4.9¢ | $1.384M | 27.31M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1302118 | 5.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.2¢ | 528865 | 4 |
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| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| IMU (ASX) Chart |