From my TA 1.5 has not been broken, it has been hit - yes, so what, its been hit before this time last year.
IMO, for it to be broken there needs to be an impulsive move through the support and a close below. Neither occurred !
If you look at the attached chart this could in fact be a nice 'double bottom' formation on the weekly chart and we could in fact be looking at a test of the 1.5 level with a possible bounce coming.
With news coming from FA then this could well be good enhancement of a decent support level.
If we break below 1.5 then I would look to buy more at 1.0.
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $25.76M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $3.547K | 1.238M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 76 | 74093774 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 74739058 | 46 |
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| Last trade - 15.32pm 30/09/2024 (20 minute delay) ? |
| LPD (ASX) Chart |