Morning and happy week to all!!
Updated chart. I still believe the stock is going through a fundamental shift, and any price appreciation will be dependent on both timing and quality of future announcements.
If we see weakness at the ~$0.40/$0.39 area, I believe we can see a test of the mid-$0.30's. I am targetting the confluence of multiple fib retracements, and anchored VWAP. Take your pick whether we are at a distribution, re-accumulation, or mark-up phase. The price action has been strong towards the upside, but on the ST, it is searching for direction. We must consider a period of consolidation, as the register changes hands. Potentially Wave 4 set-up atm on your smaller timeframes (<4hr), and gearing up in the Wave 2 set-up on your longer timeframes (>Weekly)
FYI. my opinion and analysis doesn't matter, these are my observations.
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Last
4.1¢ |
Change
-0.003(6.82%) |
Mkt cap ! $18.02M | |||
| Open | High | Low | Value | Volume |
| 4.3¢ | 4.3¢ | 4.1¢ | $43.96K | 1.064M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 125000 | 4.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.2¢ | 143593 | 2 |
View Market Depth
| Last trade - 15.32pm 16/06/2025 (20 minute delay) ? |
| CBE (ASX) Chart |