Normally with a chart like this, I would think we would see a pull back, with the SP bouncing out the top of the bollinger bands.
However combined with the FA of drilling and the pick up in volume, I think this could continue bouncing along higher for some time yet, lifting the SP well past the 12 month high of 3.2c.
If we are fortunate enough to hit good oil, 5 to10 bags in a heart beat would be my guess.
MAY chart, page-7
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Last
2.2¢ |
Change
-0.001(4.35%) |
Mkt cap ! $74.14M | |||
| Open | High | Low | Value | Volume |
| 2.4¢ | 2.4¢ | 2.1¢ | $444.7K | 19.98M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2048367 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 1402823 | 5 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| MAY (ASX) Chart |