I think you're spot on Jaded about volume being the crucial factor in the chart now. Volume buying of over 1 million in the first hour any day soon will bring in a lot of other buyers who are currently on the sidelines.
We haven't been above $0.25 for almost a year so I don't think there are significant holders who bought above that price. They either cut their losses or averaged down so rather than people looking to come out even it will be profit taking that will constitute selling above $0.25 IMO.
A breakout above $0.25 on volume will bring substantial buying and the momentum I expect to move us up to the $0.30-0.34 range.
I think you're spot on Jaded about volume being the crucial...
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Last
10.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $45.40M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.0¢ | $24.32K | 232.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 40000 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 40549 | 4 |
View Market Depth
| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| EGR (ASX) Chart |