That's probably the best response LT.
The MACD suggests a "pop" at some stage soon.
The declining volume suggests a build up of pressure for a move either way ... the more it inside trades on lower volume the more likely the next move will be large.
If the last few days could be interpreted as a triangle (and that's not very precise really) it has a potential target of around $2.44, let's call that $2.50!
Strateg1c8's cup and handle was also my initial expectation but the buying demand has appeared to put paid to that which also surprised me ina good way ... as it means there's more buying demand there than normal of late.
Once the price crosses the $2.50 mark $3 isn't far off ... just waiting for an excuse to pop (up) I believe here ... and just as W777 mentioned this morning - the action on the Nasdaq may well be enough.
That's probably the best response LT.The MACD suggests a "pop"...
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Last
$1.75 |
Change
0.010(0.57%) |
Mkt cap ! $298.0M | |||
| Open | High | Low | Value | Volume |
| $1.73 | $1.83 | $1.73 | $272.0K | 152.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9998 | $1.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.79 | 2000 | 1 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| RAC (ASX) Chart |