Id prefer not to give myself expectations but the below chart...

  1. 75 Posts.
    lightbulb Created with Sketch. 23
    Id prefer not to give myself expectations but the below chart shows above the diagonal line a power move down followed by an up trending range. Then below the diagonal line you have the break down below that range and a retest of the diagonal line. This diagonal line creates resistance in 2 different ways shown as a diagonal resistance line and a horizontal resistance line - i believe these 2 will play a key role in future.

    https://hotcopper.com.au/data/attachments/6905/6905125-77d96ca53dc4a60f48cd849d5560d996.jpg

    In the event the company reaches and completes key milestones and share price begins to move up, the horizontal resistance will be the first stop but i think that can be easily broken.

    I may aswell share other things i like to see. Below is a simple one where 2 key pivot highs create a downtrend line, you can see we've broken out of it, shuffled abit around it which is common and had a minor retest of the downtrend line. Note though that sometimes share price retest this line again which would mean it might have a quick pop down to that level again or it might not.

    https://hotcopper.com.au/data/attachments/6905/6905131-7124993c1cd6114c744256bdbee30630.jpg

    Finally below, if you look to the hourly timeframe, remove the share price and add a short moving average to filter out noise you will see 2 key pivots creating a downtrend line, which again has been broken to the upside along with a retest. Meaning short term there's the possibility of short term upwards movement aswell.

    https://hotcopper.com.au/data/attachments/6905/6905132-0ba50ea4314cc5118a6a1acc27e0873b.jpg

    Again this is my current interpretation of the chart, i think its all looking good but i also believe charts have logical but dynamic structures to account for external factors.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
0.3¢
Change
0.000(0.00%)
Mkt cap ! $8.179M
Open High Low Value Volume
0.3¢ 0.3¢ 0.3¢ $7.5K 2.5M

Buyers (Bids)

No. Vol. Price($)
1 1500000 0.3¢
 

Sellers (Offers)

Price($) Vol. No.
0.4¢ 14794041 17
View Market Depth
Last trade - 11.40am 18/06/2025 (20 minute delay) ?
MRQ (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.