Hi Guys,
Below is BUX over a 1 hour interval. As discussed previously I was anticipating a breakout of A-B-C retracement, which in my view has now finalised.
From an elliot wave perspective, we should be entering another strong impulse wave of buying which should see the share price trade higher.
I think Monday we should break through 0.51 resistance and settle at 0.57 (to remain positive on impulse wave- and ensure my analysis is correct). The reason 0.57- I did a fibonacci extension based on 0.47 as I thought this is where the strength of the last impulse wave ended.
I would be happy to hear from anyone else. As I am still learning.
Based on recent trading, the market is anticipating an annoucement (I am expecting positive).
Just to note the obvious- although the chart doesn't suggest it- if the annoucement is negative we'll see this easily back at 0.32 in short term, a risk with all speculative stocks.
Sorry to include some risk disclosure, but I have seen so many rampers on Hotcopper and I hope I am not turning into one.
Cheers and good luck to all.
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Hi Guys,Below is BUX over a 1 hour interval. As discussed...
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Last
7.6¢ |
Change
0.009(13.4%) |
Mkt cap ! $15.83M |
Open | High | Low | Value | Volume |
7.6¢ | 7.9¢ | 7.3¢ | $12.03K | 159.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 81019 | 7.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.8¢ | 38150 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 81019 | 0.076 |
2 | 98614 | 0.069 |
1 | 150000 | 0.068 |
2 | 164285 | 0.067 |
2 | 257692 | 0.065 |
Price($) | Vol. | No. |
---|---|---|
0.078 | 38150 | 2 |
0.079 | 119899 | 2 |
0.080 | 37303 | 1 |
0.084 | 89000 | 2 |
0.085 | 174749 | 3 |
Last trade - 13.34pm 01/08/2024 (20 minute delay) ? |
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BUX (ASX) Chart |