Over the last 4 weeks the SP has been a slow and sustained growth trajectory from 0.007 to the current 0.013.
Of the last 9 trading days, 7 have had volume between 10m-16.4m, whilst the other 2 days were just under 5m units traded.
The total volume over those 9 days is 99.57m or 2.7% of the register.
If this pattern continues next week, it is more likely than not to give rise to a holding pattern around the 0.011 - 0.014 mark unless there is some good news released in the interim that drives the SP through the 0.014 mark.
If you look at the current market depth on the sell side, it indicates that if significant news is released soon, then the SP could easily run as the sell depth is negligible once it breaks through 0.015.
Just my observations.
Have a good weekend.
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Spenda Agri, page-552
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Last
1.1¢ |
Change
0.002(22.2%) |
Mkt cap ! $47.56M |
Open | High | Low | Value | Volume |
1.0¢ | 1.1¢ | 1.0¢ | $45.66K | 4.573M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1468051 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 3174353 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1468051 | 0.010 |
13 | 9070047 | 0.009 |
16 | 10454191 | 0.008 |
9 | 6685419 | 0.007 |
6 | 3283500 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 3174353 | 6 |
0.012 | 16179073 | 17 |
0.013 | 6319300 | 6 |
0.014 | 5607378 | 8 |
0.015 | 6247583 | 6 |
Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
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SPX (ASX) Chart |