Current Observations from the ChartResistance at AUD 1.850: This...

Current Observations from the Chart

• Resistance at AUD 1.850: This level has capped upward movements a couple of times, making it a critical area to watch.
• Support around AUD 1.250: This price level has previously acted as a floor for the stock price, offering potential buying interest.
• Price below the EMA 65: Indicates a bearish sentiment in the short term, as the price is trading below a key moving average.
• Fluctuating Volume: The volume shows spikes on significant price moves, indicating key interest points.

Price Prediction Scenarios

Bullish Scenario

• If the stock breaks above the EMA 65 and approaches AUD 1.850 with increasing volume, it might break this resistance and potentially reach higher price levels, perhaps aiming towards the next psychological level or technical resistance at around AUD 2.000.

Bearish Scenario

• If the stock fails to regain ground above the EMA 65 and falls below AUD 1.250 with substantial volume, this could indicate a further decline. The next lower support might be set by previous lows or a percentage drop from the current support, potentially around AUD 1.125 to AUD 1.000.

Neutral Scenario

• Consolidation within the current range: Given the volatility and recent pullback, the stock might also enter a consolidation phase, moving sideways between the major support and resistance levels (AUD 1.250 and AUD 1.850) as market participants await further cues.