I'm no chartist but it's a no brainer these are signs of a reversal. And from experiences traders very much tend to magnate to fibonacci extensions, predominantly the 1.61 fib. Without any geopolitical unforeseen circumstances or market sensitive announcements with impact I can see the next line in the sand at $1.47
I've no doubt the shorters can see this also. Could we see some covering soon? If they have any sense we will.
NB: very low volume days and holding strongly above recent low. Just need a higher high Monday for further confirmation
Have a great weekend and GLTAH
I'm no chartist but it's a no brainer these are signs of a...
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 (20min delay)
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Last
$1.25 |
Change
0.010(0.81%) |
Mkt cap ! $3.012B | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.26 | $1.24 | $2.236M | 1.793M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 42 | 98534 | $1.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.25 | 48180 | 47 |
View Market Depth
| Last trade - 12.32pm 07/05/2024 (20 minute delay) ? |
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Last
$1.25 |
Change
0.010 ( 0.46 %) |
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| Open | High | Low | Volume | ||
| $1.25 | $1.26 | $1.24 | 676054 | ||
| Last updated 12.51pm 07/05/2024 ? | |||||
| LTR (ASX) Chart |