As this is a chart thread, if you can't see the blaringly obvious levels of support from a trend perspective, moving averages, market profile, orderflow etc. and if 1 red candle scares you, just sell.
Yes 19-20c looks like a possibility, but that would most likely represent a buy the dip situation, not unless the US futes go belly up, crash and burn.
Looking at market depth I don't believe I would say that's on the lower probability side.
I'm not sure what you're expecting in terms of positive news, the company has been transparent about its timeframes and the market shouldn't be expecting any news right now, hence the consolidation.
QPM Chart, page-1660
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Last
3.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $79.41M | |||
| Open | High | Low | Value | Volume |
| 3.2¢ | 3.2¢ | 3.1¢ | $21.04K | 676.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 1609919 | 3.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.2¢ | 671999 | 8 |
View Market Depth
| Last trade - 15.44pm 20/08/2024 (20 minute delay) ? |
| QPM (ASX) Chart |