Looking at the daily chart I suspect some people are coming in on a double/triple bottom type setup but to me it looks like it could fail. If share price moves below current support at 6.75 you could be looking at another sell off leg and the gap at 5-550 looks more likely for a fill. You’d need to be brave to take up a long at around todays price or set your stop pretty hard under 675. I’d still prefer to be short this stock. I don’t think we’ve seen that final distress sell yet. This current congestion pattern will test.
Looking at the daily chart I suspect some people are coming in...
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Last
$5.31 |
Change
0.040(0.76%) |
Mkt cap ! $4.021B | |||
| Open | High | Low | Value | Volume |
| $5.26 | $5.39 | $5.26 | $10.00M | 1.881M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 17916 | $5.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.33 | 15386 | 1 |
View Market Depth
| Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
| IGO (ASX) Chart |