In a bearish market and with no significant news that anyone is really expecting (except for a couple of assays which may not provide much of a bounce because the market already knows we have high grades), I personally think the gap looks likely to close.
If I give you a competing argument - a previous point of resistance (from 31 May 2021 when we announced our Cloud 9 JORC) was 8.5 cents.
Sometimes previous resistance provides a line of support (but I personally doubt it in this instance).
In a bearish market and with no significant news that anyone is...
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Last
26.0¢ |
Change
0.005(1.96%) |
Mkt cap ! $728.8M | |||
| Open | High | Low | Value | Volume |
| 25.5¢ | 26.5¢ | 25.0¢ | $1.745M | 6.766M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 125502 | 25.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.0¢ | 930717 | 12 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
25.0¢ |
Change
0.005 ( 1.96 %) |
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| Open | High | Low | Volume | ||
| 25.5¢ | 26.5¢ | 25.0¢ | 2995160 | ||
| Last updated 16.02pm 10/05/2024 ? | |||||
| LRS (ASX) Chart |