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"Someone wants out at these levels"I'm guessing there might be a...

  1. 14,459 Posts.
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    "Someone wants out at these levels"

    I'm guessing there might be a few sellers remaining from the 7c cr in April. Or a few profit takers from lower prices recently. There are always going to be sellers as well as buyers. What matters in that regard is which way the price is trending.
    There were only $47,574 worth of shares traded today. All four higher volume days this month and last, saw the stock up on those days.
    The price is in an uptrend. The sp is not pulling back much relative to the up legs and the pullbacks or sideways consolidations are on much lower volume than the days when the sp climbs.
    All looking good on the chart right now. 5-6c range in June and early July. 6-7c range in late July and early August. 7-7.7c range last week and now.
    The next announcement could push the sp into the 8-9c range.
    The all important offtake news might push it well beyond that pretty quickly.


    https://hotcopper.com.au/data/attachments/6392/6392797-dbda5804e01d21d5a5e8ca0e9f138d50.jpg

    Last edited by chuk: 19/08/24
 
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Last
5.3¢
Change
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Mkt cap ! $46.56M
Open High Low Value Volume
5.2¢ 5.3¢ 5.0¢ $44.27K 869.4K

Buyers (Bids)

No. Vol. Price($)
1 9133 5.3¢
 

Sellers (Offers)

Price($) Vol. No.
5.6¢ 600000 1
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Last trade - 15.18pm 13/11/2024 (20 minute delay) ?
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