I very much agree -
this "break" of recent downtrend was on weak volume, certainly needs confirmation, and will be strong resistance 34.5-35c... but once it clears 35c convincingly then my repeating range target is a cent or two under 50c, which is pretty close to your wedge calc of 51c
in terms of buy signals, I wouldn't call last weeks action a buy signal in any way, volume is far too weak on the way up when we do have days up... from a VSA perspective we have weakness pretty close behind us to boot so higher volume on up days is all the more important... as some have mentioned, however, the usefulness of volume based analysis becomes limited due to the recent cap raise
for me, I'm holding long term, avg price of 28c, been accumulating consistently over last few months and now am set, have my fill, may take some profits off table around mid-40's
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Last
35.5¢ |
Change
0.060(20.3%) |
Mkt cap ! $515.6M |
Open | High | Low | Value | Volume |
36.0¢ | 37.5¢ | 33.5¢ | $6.427M | 18.03M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 35.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
36.0¢ | 133736 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.355 |
2 | 9500 | 0.350 |
4 | 199315 | 0.345 |
10 | 84868 | 0.340 |
2 | 10985 | 0.335 |
Price($) | Vol. | No. |
---|---|---|
0.360 | 96182 | 4 |
0.365 | 81517 | 4 |
0.370 | 150545 | 8 |
0.375 | 156434 | 4 |
0.380 | 167642 | 11 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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IMM (ASX) Chart |