Hi AJ,
Taking into account, i have no background re the company ... purely looking at the chart (excl. any catalysts/triggers for price increase)
- i think you are correct re 0.6 ... it depends how fast/hard the price is driven down when it gets to the 69.8 area ... but yes, 0.6 would be a good entry for a trade, however if the price is not driven down too hard then it will bounce of 69.8 and come back later to 60 -> if this happens then it area would have been tested, and it will likely then go to low 40's
- I expect a decent bounce for a trade (not lt investment) around 69.8 ... i dont expect it to hold as there seems to be resistance forming on the way down, coupled a what seems a fairly strong rejection of higher prices ... although i dont like trading against the flow, might trade this one ... it depends what the resistance structures and candle formation looks like at the time whether I can get at least +100% for the risk ... if i take the trade my entry would be 0.698 with stop0.552 ... you can see the grey line as entry and the orange/brown dotted line as stop
- with the current tech sentiment (excl. triggers for sp increase) i dont expect any rally to hold (short term) ... but this is just my quick observation and as always been wrong many times b4
- if there are not triggers for sp increase then i expect this to get to low 40's eventually
- having said this, i also see short opportunities, hence i think this is more for trading short term (excl. price increase triggers/catalysts)
just my 2c & hope i make sense
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Last
$1.29 |
Change
0.045(3.63%) |
Mkt cap ! $1.442B |
Open | High | Low | Value | Volume |
$1.27 | $1.32 | $1.27 | $16.63M | 12.86M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 30048 | $1.29 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.29 | 290528 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 30048 | 1.285 |
5 | 67518 | 1.280 |
9 | 151310 | 1.275 |
14 | 241423 | 1.270 |
7 | 166962 | 1.265 |
Price($) | Vol. | No. |
---|---|---|
1.290 | 290528 | 11 |
1.295 | 4000 | 1 |
1.300 | 167288 | 9 |
1.305 | 171964 | 6 |
1.310 | 186370 | 11 |
Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$1.29 |
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Change
0.045 ( 3.89 %) |
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Open | High | Low | Volume | ||
$1.25 | $1.31 | $1.25 | 2717786 | ||
Last updated 15.59pm 03/05/2024 ? |
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