Given the ridiculous level of enthusiasm from the MAY pumpers in this thread it is about time for reality to set back in. Calling it an 80c stock when it is an 8c stock is not based in reality.
At it's most frothy it was a 20c stock, and that was a big blow off top.
I don't care how good you think your fundamental analysis skills are, if you don't believe in charts and you're in the chart thread arguing about charts, you clearly are not as bright as you give yourself credit for, so maybe re-assess, you could have missed something that the market hasn't.
Depending on the next few candles this is due for a decent consolidation /correction. Keep an eye out for any bearish reversal patterns that occur close to key resistance levels. We already have two candles with long upper wicks.
May Chart, page-5712
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Last
2.2¢ |
Change
0.002(10.0%) |
Mkt cap ! $74.14M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.2¢ | 2.1¢ | $84.79K | 4.027M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1397391 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.2¢ | 1251398 | 8 |
View Market Depth
| Last trade - 16.10pm 12/08/2024 (20 minute delay) ? |
| MAY (ASX) Chart |