hi cueball I have an analysis I’ve been plotting for a few years and the share has broken through my resistance and support lines after the recent formation of an ascending wedge.
It was supposed to hit 66c by Sept 10th but it did that about a week early.
I may be wrong on that memory so after I’ve written this I’ll put up a chart - it appears that you’ll be able to interpret what you see.
Right now the limiting factors we have are firstly, that gap you mentioned. The market is resisting advancing its price only due to that gap.
Secondly we have the coming announcement, which has a relationship to that gap )in my opinion only!). Of course that gap only exists in certain chart settings(daily), but doesn’t on others(15 min - 1 min etc).
I am suspicious that the gap was created deliberately by a line wiping, existing sophisticated investor with lots of money designated for hedging bets.
The purpose being to protect the parties investment in the instance that we get another hold up with the CBD.
We had a few large parties buy in at 38 (again by memory) and with this next announcement one of two things will happen to their $80,000,000 investment - it will double or it will come back down, with that buffer now in place.
Forget the big red arrow on the chart, it was put there in advance to predict this run, after a small terrace. I did that analysis for another person. Everything within that last ascending wedge pattern is current.
I know you won’t understand the angles and symmetry lines so just ignore those s they are time related estimations, not price.
The most important thing to acknowledge right now is that the price needs to come back that little bit, to fill the gap and advance toward the 70’s again.
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Last
13.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $315.5M |
Open | High | Low | Value | Volume |
13.5¢ | 13.5¢ | 13.0¢ | $112.4K | 851.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 1479351 | 13.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.5¢ | 312789 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 1383907 | 0.130 |
11 | 855842 | 0.125 |
20 | 861503 | 0.120 |
5 | 541056 | 0.115 |
9 | 721554 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 162503 | 4 |
0.140 | 461298 | 9 |
0.145 | 534440 | 9 |
0.150 | 828016 | 13 |
0.155 | 37338 | 3 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
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