This could go lower, absolutely, but if you stick to your risk management you are fine. This is a trade that I would take (if I traded) especially once confirmed. Currently on standby.If our blue e100 crosses below the red e200 then Technically we are no longer on standby. Here is the signal played out on the daily with the covid sell off.
Under 2c to over 6c with the high risk entry at A, just over 3c to over 6c with the confirmed entry at B.
Key attributes is the rejection of the e100 by e200 and the w5 cross back (usually with the bounce.
Daily march 2020
This could go lower, absolutely, but if you stick to your risk...
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 (20min delay)
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Last
7.1¢ |
Change
-0.001(0.70%) |
Mkt cap ! $512.3M | |||
| Open | High | Low | Value | Volume |
| 7.2¢ | 7.4¢ | 7.0¢ | $1.175M | 16.58M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5824 | 7.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.0¢ | 168232 | 1 |
View Market Depth
| Last trade - 15.59pm 15/05/2024 (20 minute delay) ? |
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Last
7.1¢ |
Change
-0.001 ( 1.25 %) |
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| Open | High | Low | Volume | ||
| 7.2¢ | 7.3¢ | 7.0¢ | 6411396 | ||
| Last updated 15.59pm 15/05/2024 ? | |||||
| IMU (ASX) Chart |