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A few things to take into account re Monday. 1. The American...

  1. 473 Posts.
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    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
Last trade - 16.10pm 19/06/2024 (20 minute delay) ?
BIT (ASX) Chart
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