Surely not, and yet the stock seems to have a chart based case for finding and testing 75/76c.
Thats not good news for anyone holding from $1 plus.
I might look for an entry a bit lower with a tight stop below 75c. Seems to have the fundamentals and it has certainly traded tightly to Fibonnaci so I don't see why it wont do so for the full trip back down to the 61.8% retrace. You can see it slavishly hanging in under the 50% at 90c. A bounce on news from the NW Shelf might prove to be a short lived rally until this pattern is seen through.
more down side maybe
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Last
22.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $65.73M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 23.5¢ | 22.5¢ | $19.14K | 83.91K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 16007 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 272 | 1 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| NXS (ASX) Chart |