Was watching yesterday's intraday action closely. Looked like someone triggered panic selling successfully, looks like alot of stops were triggered right below 3.5 and followed by single handedly wiping 3.2 and 3.3. Looked like accumulation at its finest they really wanted some shares at a lower price.
On the daily chart:
We have a little spring off support, which would be confirmed if we can close 3.4 or higher today. This would mean we would move back into our old trading range and claw our way back upto 4.
However I feel its more likely we re-visit our old trendline on low volume before taking a nice u-turn.
Small market cap lithium play, page-185
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Last
12.5¢ |
Change
0.010(8.70%) |
Mkt cap ! $267.8M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 13.0¢ | 11.5¢ | $2.025M | 16.45M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 1779853 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 7625975 | 76 |
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| Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
| CXO (ASX) Chart |