Check out the behaviour of price on the MAY 0.067 daily chart
A few things to note here:
1. price is compressed into a the corner of an ascending triangle
2. Price is restricted to a tight parabolic channel
3. moving averages are coiled which precedes explosive moves in price.
4. The price has just closed above the 34wma
5.The 8wma is hooked beneath the last green candle and as the 8wma crosses above the 34wma it will force an explosive move of price higher
6. Daily chart supply level is around 12 cents and that is the initial price target
MAY 0.067 daily supply and demand levels with supply at 0.1204
May Chart, page-11882
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Last
2.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $67.40M | |||
| Open | High | Low | Value | Volume |
| 2.0¢ | 2.1¢ | 2.0¢ | $37.57K | 1.856M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 37 | 11509043 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 1523856 | 5 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| MAY (ASX) Chart |