To day finished on the high volume & SP convinced me a turn around recovery pattern, perhaps to the mid 1.6 levels.
There is some early indications of the reversal of a long terms down trend, but that would only be confirmed when the SP get back to the mid 1.70 levels... based on the last low @1.27c & high @2.40..
Some risk adversed traders would refer to wait for that Fibonacci reversal confirmation % levels.. to minimise the risk..
Another positive trading day tomorrow would confirm the reversal trend for me... Similar to LNC few weeks ago,but won't be such explosive... good luck..
looks set for a run, page-15
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Last
20.5¢ |
Change
-0.005(2.38%) |
Mkt cap ! $167.6M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 21.3¢ | 20.5¢ | $323.3K | 1.561M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 1408716 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 738726 | 7 |
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| Last trade - 16.10pm 12/08/2024 (20 minute delay) ? |
| SBM (ASX) Chart |