Hi Michael, our charting friend would have been referring to the plunge on 30 April 2021. On that day the SP fell from $1.62 to $1.27 with over 100m shares traded. That sort of plunge leaves a 'gap' on charts. So chartists talk about filling a gap etc. Chartists can add value to a thread- you just need to work out for yourself how much weight to place on their insights.
We have all probably noted by now that large 'gaps' following a plunge can be rectified by a good announcement. The rally in oil prices may lead to announcements with enhanced and positive numbers and any number of forward looking and bullish statements. Perhaps.
I remember $2. I posted then that I would hold and that I was greedy for more. That gives you an idea of how much weight should be placed on my posts.
IMHO DYOR
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Last
$1.43 |
Change
-0.030(2.05%) |
Mkt cap ! $3.262B |
Open | High | Low | Value | Volume |
$1.45 | $1.48 | $1.43 | $10.32M | 7.155M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 189870 | $1.43 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.44 | 23147 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 435 | 1.440 |
2 | 14004 | 1.435 |
12 | 72102 | 1.430 |
7 | 63508 | 1.425 |
15 | 99013 | 1.420 |
Price($) | Vol. | No. |
---|---|---|
1.360 | 373 | 2 |
1.390 | 245 | 1 |
1.395 | 107 | 1 |
1.410 | 48 | 1 |
1.425 | 6000 | 1 |
Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
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