A few things to take into account re Monday.
1. The American market had a decent rebound this morning I think this will help attract higher volumes on Monday.
2. Finishing Friday with a nice bullish candle says we have a great possibility of seeing a decent gain Monday.
3. Massive accumulation on friday at 17c - 17.5c.
4. Elliott wave thoery playing out on the daily chart. Cup and handle on the hourly.
IMO - I don't think we will see a gap up in early trade. Reason being - many instos / day traders with big dollars (who drive the price) are going to want to get in as low as possible below 20c.
My prediction
Possibly open at 16.5c - 17.5c.
Followed by a similar trading pattern to Friday. We will see decent resistance at 20c but the 4 points above will increase the chance of pushing to 22c-23c followed by a slight retrace back to 18c-20c.
We may hit 25c-28c by friday if global markets continue to rebound. I think this will play a big part in volumes.
I could be completely wrong
I predict we will see a 300m - 500m market cap in Q1 2019 when commercial contracts become more real.
All IMO - but this just seems to have all the ducks lining up for now!
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Last
4.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $43.30M |
Open | High | Low | Value | Volume |
6.4¢ | 6.6¢ | 4.7¢ | $1.096M | 19.01M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 104497 | 4.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.0¢ | 130024 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 104497 | 0.048 |
1 | 25000 | 0.047 |
2 | 24442 | 0.046 |
9 | 571403 | 0.045 |
1 | 250000 | 0.043 |
Price($) | Vol. | No. |
---|---|---|
0.050 | 130024 | 2 |
0.051 | 200000 | 1 |
0.052 | 1552825 | 3 |
0.053 | 285000 | 2 |
0.054 | 139250 | 3 |
Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
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