timbin, personally I can still see plenty of upside and time left in this rally for ARD. Perhaps another month wouldn't suprise me.
Downmoves generally dont make a low immediately after such a brutal downtrend as was seen towards the end of 2011. Of course there are exceptions.
One reason I like for a possible case of low being in is how the sp came down to the 76.4% fib level of the range from March 2011 low to July 2011 high. However, I favour it eventually coming back to to the 76.4% level of the whole range up which stands at around 8.5c. This would also mean a filling of the gap at 9.3c from March 2011.
Anyway, enjoy the rally. Looks to still have some legs.
EC
timbin, personally I can still see plenty of upside and time...
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Last
2.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $31.81M | |||
| Open | High | Low | Value | Volume |
| 2.2¢ | 2.3¢ | 2.1¢ | $116.2K | 5.280M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 3762938 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.2¢ | 1966907 | 2 |
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| Last trade - 15.14pm 27/06/2025 (20 minute delay) ? |
| ARD (ASX) Chart |