I think you're right PF. My thinking is that even a couple weeks from now we will be higher than where we are right now.
Looking at the price action from yesterday (and across the market in general) i think we may have had a mini capitulation (panic selling) type event with volume the highest it's been for several weeks. Not necessarily a bad thing for those holding long term as it provides the shakeout required to remove the weak hands, short term traders and anyone thinking about selling. From my experience, it's common to see such events towards the end of a prolonged down trend leaving only the buyers who will see value and start to bid the price up as the news starts to flow again in the coming weeks.
Looking at the charts we've held the 76 EMA and RSI over 14 day period is now heavily oversold. So both from a FA and TA perspective we're looking pretty good right now. Giddy up PLS!
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Last
$2.98 |
Change
-0.030(1.00%) |
Mkt cap ! $8.974B |
Open | High | Low | Value | Volume |
$3.00 | $3.11 | $2.97 | $82.16M | 27.12M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 65571 | $2.97 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.99 | 7500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 60571 | 2.970 |
9 | 483193 | 2.960 |
24 | 424025 | 2.950 |
9 | 70910 | 2.940 |
3 | 22000 | 2.930 |
Price($) | Vol. | No. |
---|---|---|
3.000 | 25026 | 2 |
3.010 | 24424 | 4 |
3.020 | 334253 | 9 |
3.030 | 120132 | 11 |
3.040 | 46200 | 5 |
Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
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