IMHO my 2c as below :
Stock was accumulated from July 2015 till about Oct 2015 , then the slow distribution to weak hands started and continued right upto March 2016. ( market maker would have easily made 5X after all expenses )
From April / May 2016 the stock has been under accumulation, removing all weak hands mercilessly. We are about done now , but not yet completed as per ST charts.
Long consolidation from April 2016 till now and the current MACD charts , a few other long term momentum indicators all show that the SP breakout will be violent and vertical at some early date but not predictable ( for me the risk is in staying out and not in staying inside the scrip, lol ). Once the upsides start, mean reversion itself will give a lot of momentum back to early 30s easily. lets see mate.
I can be totally wrong about my ideas kindly note.
IMHO my 2c as below : Stock was accumulated from July 2015 till...
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Last
1.4¢ |
Change
0.006(75.0%) |
Mkt cap ! $5.273M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.4¢ | 0.9¢ | $26.05K | 2.427M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 140000 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 305000 | 3 |
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| Last trade - 13.09pm 06/05/2024 (20 minute delay) ? |
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Last
1.4¢ |
Change
0.006 ( 40.0 %) |
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| Open | High | Low | Volume | ||
| 1.0¢ | 1.4¢ | 0.9¢ | 193523 | ||
| Last updated 13.02pm 06/05/2024 ? | |||||
| 1TT (ASX) Chart |