SPX 11.1% 0.8¢ spenda limited

The golden cross is usually used by traders.As a general...

  1. 5,668 Posts.
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    The share remains in uptrend (200 day moving average still rising) and is hovering all around the 200 day MA at the moment. My earlier suggestion that around 8.2c is resistance held true. Note the trend of falling volume since beginning of July. Just the impatient and the weak selling to accumulators at the moment. Around 8c might continue to bring resistance the next time we approach it.

    I've shown fibonacci retracement levels on this chart, but I use them with caution as I suspect sometimes we can seek to find patterns where they may not be.

    https://hotcopper.com.au/data/attachments/3502/3502778-315ce4a57e437acf9137f0ad4e7b4b71.jpg

    The golden cross is usually used by traders.

    As a general observation, on so many specki stocks I see similar discussions on HC from the impatient and those who's cultural training demands immediate gratification. Surely the market is going to want to take shares from such holders? I reckon we could be in for an interesting September on the market in general.
 
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Last
0.8¢
Change
-0.001(11.1%)
Mkt cap ! $34.59M
Open High Low Value Volume
0.9¢ 0.9¢ 0.8¢ $5.38K 616.2K

Buyers (Bids)

No. Vol. Price($)
3 1289232 0.8¢
 

Sellers (Offers)

Price($) Vol. No.
0.9¢ 4747129 9
View Market Depth
Last trade - 15.59pm 22/07/2024 (20 minute delay) ?
SPX (ASX) Chart
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