Price has probably bottomed but the chart hasn't confirmed that. There are some signals that suggest a final bottom at $1.02 are possible but I'd be waiting to see if price breaks and closes below $3.75. If it does I'd see more falls ahead. Remember this is a stock that has lost 80% of its value since its all time high. Price has been in a downtrend since the end of December 2019 (the run up from March for 11 weeks didn't form a technical uptrend). Price is making lower peaks and troughs on the weekly chart. No chart signals for a buy here. If price was to rise and close for 2 consecutive weeks above the black downtrend line on the chart and make a higher trough followed by a higher peak on the weekly chart, then it could be worth looking at and a rise above $6.50 would be a clear sign of higher prices ahead. That said, I've never had much luck with ORG so I steer clear of it. It makes regular upthrusts in downtrends, only to turn down and catch you out. If you've got good charting skills it'll help.
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Price has probably bottomed but the chart hasn't confirmed that....
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Last
$10.62 |
Change
-0.030(0.28%) |
Mkt cap ! $18.29B |
Open | High | Low | Value | Volume |
$10.78 | $10.78 | $10.62 | $35.73M | 3.352M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 8855 | $10.62 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$10.63 | 4290 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 1091 | 10.620 |
1 | 2000 | 10.610 |
10 | 15612 | 10.600 |
5 | 33468 | 10.590 |
2 | 14291 | 10.580 |
Price($) | Vol. | No. |
---|---|---|
10.650 | 2000 | 1 |
10.660 | 2089 | 2 |
10.670 | 43 | 1 |
10.720 | 561 | 1 |
10.750 | 141440 | 3 |
Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
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ORG (ASX) Chart |