Over the last few months, ST1 hit an all time high, underwent a correction, and is struggling to consolidate.
In hindsight, the telltale sign was the bearish engulfing candle on September 3rd.[1] On that day, It opened at an all-time high of 0.45, only to close at 0.40 - a 10 per cent drop from the open. That was the end of the multi-month rally.
By the end of September, ST1 closed at 0.35, breaking the pink line of support.[2] A few days later, there was another touch of the descending yellow support line (taken from intraday lows).[3]
In mid-October, a sudden bounce saw a testing of 0.40 - this was a key price line, being the close of the past bearish engulfing candle. But the daily candles could never close at that price,[4] and things soon went bearish.
This became a downtrend for the rest of the month, and another touch of the descending yellow line, this time at 0.325.[5] In the past week though, ST1 had taken another bounce off that line.
Looking at the upside, it first needs to contemplate some potential overhead resistance (blue line) around 0.39.[6]
Looking at the downside, there is still a gap between 0.32-0.325 (grey zone). This emerged in August, and hasn't been filled yet.[7]
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Last
5.4¢ |
Change
0.002(3.85%) |
Mkt cap ! $73.79M |
Open | High | Low | Value | Volume |
5.2¢ | 5.4¢ | 5.2¢ | $16.60K | 315.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 39 | 5.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.4¢ | 1110273 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 39 | 0.053 |
3 | 350714 | 0.050 |
2 | 300000 | 0.048 |
1 | 10869 | 0.046 |
2 | 206503 | 0.045 |
Price($) | Vol. | No. |
---|---|---|
0.053 | 10 | 1 |
0.054 | 1110273 | 2 |
0.055 | 219563 | 2 |
0.057 | 280 | 1 |
0.060 | 252074 | 4 |
Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
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