Hi Jamiee - You could be right but I'd be looking for more evidence of a change in trend from a stock that has lost about 80% of it's value this year. The stock remains in a technical downtrend although it has broken above it this week - technically it needs to close for 2 weeks above trend to be a buy. Yes it has fallen 75% of the rise from the start of the current price cycle and that's usually where price will bottom. It made a head and shoulders pattern which suggested price should fall to about its recent low. Another possibility is that the blue dashed line could be a long term support line and price might be making a sub-wave 4 of Wave C before finally falling back to that support.
While a lot of this supports your theory that price will rise further (and I hope it does) I'd at least like to see some higher lows and highs on the weekly chart before diving in to a stock that has had such a sustained and significant fall.
Good luck with it and I'll keep watching for now.
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Hi Jamiee - You could be right but I'd be looking for more...
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Last
45.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $344.8M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 28826 | 43.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
45.0¢ | 1032 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 8826 | 0.435 |
1 | 10000 | 0.430 |
1 | 10000 | 0.425 |
2 | 10380 | 0.420 |
4 | 69000 | 0.400 |
Price($) | Vol. | No. |
---|---|---|
0.450 | 1032 | 1 |
0.455 | 5957 | 2 |
0.485 | 11740 | 2 |
0.500 | 12000 | 2 |
0.550 | 207074 | 1 |
Last trade - 10.00am 12/07/2024 (20 minute delay) ? |
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OMH (ASX) Chart |
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