Just a quick trade analysis of the market with MAY today. Some bullish signs.
Early on today about 500k sold into 6.2c
and another 2.2mil sold into 6.3c (which would indicate a push down for the day was being contrived), however the opposite happens which is quite a bullish sign for the days ahead.
The whole volume at 6.4 c was buyers taking out the sellers of 2.4mill
They tried again to dump into 6.5c 2.785mil during the day but it kept getting more buyers absorbing anything thrown at them.
Then we had about 3.8mill buy out anything on sale at 6.6c including the closing auction. Only 500k try to sell into the buyers bid at 6.6 in the day.
Looks like a good set up as the charts will indicate the same action.
May Chart, page-11792
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Last
2.0¢ |
Change
-0.002(9.09%) |
Mkt cap ! $70.77M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.2¢ | 2.0¢ | $16.93K | 805.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 2437448 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 636273 | 3 |
View Market Depth
| Last trade - 15.02pm 06/09/2024 (20 minute delay) ? |
| MAY (ASX) Chart |