Price has bounced off significant 5c support low with strong volume.
Since then, it has slowly grinded its way down (showing us that bears selling are weak, some buying could easily start initiate a rally), and recently it has closed the gap at 0.125.
A single day dip below 0.125 (07/04) and instant rejection (aka bullish trap, tree shaker) is usually a strong sign of a strong move coming...great for timing entries (timing is key for my strategy, I only trade if I feel it's the right time, refer to my other posts)
Volume building 4 consecutive days in a row tells me someone is quietly accumulating the stock and it won't be long before offers pull out, buyers chase and price breaks out to the upside.
Chart traders: Cup & Handle, with a nice choppy handle, just closed a minor gap, held as support with volume as confirmation.
No open short interest, no shorts allowed by all of my brokers, hence easing any future selling pressure worries.
Low risk, high reward. Short term targets 30c and 35c. A true Cup & Handle break could test 70c, but I'd seek confirmation from fundamentals (I haven't checked) for this target.
GLTA
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Last
10.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $58.10M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 93181 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 4651 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 93181 | 0.100 |
1 | 18036 | 0.099 |
1 | 50000 | 0.095 |
2 | 30111 | 0.090 |
1 | 100000 | 0.085 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 4651 | 1 |
0.110 | 57010 | 1 |
0.120 | 73824 | 1 |
0.125 | 2517 | 1 |
0.135 | 291111 | 1 |
Last trade - 16.12pm 30/08/2024 (20 minute delay) ? |
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PEX (ASX) Chart |
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