Thought I would throw a couple of charts into this conversation.
Firstly, a three year chart on a weekly timeframe. The aspect that draws my attention is the massive MACD vs price divergence at the June 2022 and November 2023 lows - Nov 2023 was a lower low, but we saw a higher low on the MACD. This is usually a reversal signal. I also note that the current price is hard against the downtrend line since Nov 2021 - so is primed to break-out from this 2+ year downtrend.
Next on a daily chart, where you can clearly see how yesterday's close has this hard against the 2+ year downtrend - price action over the next week or so will be interesting. Should it break through, I think the first target would be seeking to close the gap that exists from November at the $0.54 to $0.58 level.
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Thought I would throw a couple of charts into this conversation....
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Last
54.5¢ |
Change
0.005(0.93%) |
Mkt cap ! $262.6M |
Open | High | Low | Value | Volume |
54.5¢ | 54.5¢ | 53.0¢ | $389.7K | 722.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 2735 | 53.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
54.5¢ | 39413 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 2735 | 0.535 |
1 | 1913 | 0.520 |
4 | 65000 | 0.510 |
1 | 40000 | 0.505 |
4 | 66685 | 0.500 |
Price($) | Vol. | No. |
---|---|---|
0.545 | 31455 | 1 |
0.550 | 371341 | 4 |
0.555 | 147685 | 1 |
0.560 | 20000 | 1 |
0.570 | 63042 | 4 |
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