Having a look at the technical setup here, I like what Iam seeing. Going to tuck this away and let the larger move play out. Lack of liquidity on market aside, I think it's worth highlighting the following;
Daily:
Share price up through the 200 day MA, retested twice and now heading higher. Stock price now above the topside bollinger band and the 15 day MA crossing back through the 30 day MA, which is very bullish and should act as support moving forward.
MACD trending positive above the 0 control line & RSI continuing its ascent.
Weekly:
Nice rounding bottom now in place, with the 15 week MA crossing the 30 week MA right now! This will act a support moving forward. I think the 200 week MA that is heading towards the $1.20 mark will act as the target / resistance.
MACD very bullish continuing the trend north as it moves through the 0 control line. RSI & stochastics both trending nicely higher.
With some news flow I think we could see the move to $1.20 unfold quite quickly based on the current setup.
Monthly:
Share price moving through the 15 month MA at 72c at present. Next target will be the 30 month MA at $1.00.
MACD crossing to a positive setup, along with the RSI & stochastics moving out of a sustained 'over sold' level.
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Last
51.5¢ |
Change
-0.025(4.63%) |
Mkt cap ! $58.34M | |||
| Open | High | Low | Value | Volume |
| 56.0¢ | 56.0¢ | 51.5¢ | $41.56K | 78.01K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30000 | 51.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 54.0¢ | 9931 | 1 |
View Market Depth
| Last trade - 14.23pm 29/07/2025 (20 minute delay) ? |
| RKN (ASX) Chart |