Why would I be joking? The price stalled and didn't continue higher. Volume drops off and the price stagnates then over a period of a few days we see the price retrace back to test support. We've seen this happen many times with this company. It's quite healthy for this to happen and builds a strong base for the price to go higher. Remember we saw a 10% increase on the Friday, a 17% increase on the Monday and then a 12% increase on the Tuesday totally an increase of 39%. After an increase of this magnitude I would expect consolidatation. If the gap fills then it fills, if it doesn't then it doesn't. It really doesn't matter but for now it looks to remain around these prices before any further movement higher.
I find it quite frustrating that everyone can post endless news articles and charts of other company's with unfilled gaps but when I share a realistic view of what I see playing out people want to tear down my view. It's an opinion, it's not going to change the outcome.
IOU Chart, page-76
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Last
1.5¢ |
Change
-0.001(6.25%) |
Mkt cap ! $17.03M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.6¢ | 1.5¢ | $13.42K | 894.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 2246065 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 1089401 | 6 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| OVT (ASX) Chart |