Beautiful looking chart set up with some really bullish indicators:
- Breaking out of the Ascending Triangle on decent volume
- Open and Close both above the resistance zone
- Understand there was a high of 0.275 on 23rd Feb that we haven't closed over. But the resistance at 0.255 is more significant to me, having bounced off it twice. Hence the resistance is more of a zone.
- MACD line crossed over yesterday and a clear consolidation pattern on the histogram. Both indicating a shift towards positive momentum
Watching the price action today, there was definitely some good profit taking after yesterday's price rise, but it was matched by really good buying and two days in a row there were some big buys towards end of the day. This is a really good sign of strength in the stock.
A good announcement now would be perfect timing and could confirm the breakout on even better volume, pushing it to low-mid 0.30's
Let's see how this goes.
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Last
19.0¢ |
Change
-0.005(2.56%) |
Mkt cap ! $154.5M |
Open | High | Low | Value | Volume |
18.5¢ | 19.0¢ | 18.5¢ | $18.00K | 96.72K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 34103 | 19.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.5¢ | 3588 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 34103 | 0.190 |
1 | 86717 | 0.185 |
3 | 162139 | 0.180 |
1 | 10000 | 0.175 |
1 | 3100 | 0.165 |
Price($) | Vol. | No. |
---|---|---|
0.195 | 3588 | 2 |
0.200 | 554924 | 4 |
0.205 | 50000 | 1 |
0.210 | 62685 | 4 |
0.215 | 87500 | 3 |
Last trade - 15.06pm 30/08/2024 (20 minute delay) ? |
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