Yes IMO. As of the past few days I am now all IN at 2.1c.
Initially thought we would go lower toward the magic 2.0c mark or slightly below and that is still definitely possible.
However from a technical perspective it looks as though stochastics (fast & slow), Williams %, and RSI are/have bottomed out.
Volume has also been relatively low over the last couple of months, indicating during this latest decline not only are the buyers at exhaustion point, but so too are the sellers!
So either we have reached bottom or are very close to it and a nice rebound should be anticipated IMO.
A close above 2.3c in the short term will greatly increase the probability of a confirmed multi month double bottom formation (i.e. we bounced off 2.1c back in June).
Also worth considering is the fact that we are at our lowest close since July 2010.
Back then the POG in AUD was about where it is now & if one considers what the company has achieved in that time and what's still to come, then all things considered ABU is IMO looking extremely attractive here at a paltry $70m m/cap.
Note: My opinion and analysis are mine only and in no way am I offering advice of any kind. Please DYOR.
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Last
0.3¢ |
Change
0.001(25.0%) |
Mkt cap ! $7.937M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $3.049K | 1.019M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 8575000 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 48154829 | 37 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 8575000 | 0.002 |
56 | 224871310 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 48154829 | 37 |
0.004 | 2530000 | 5 |
0.005 | 2269053 | 4 |
0.006 | 50000 | 1 |
0.008 | 3926371 | 1 |
Last trade - 11.37am 14/07/2025 (20 minute delay) ? |
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