Couldn’t find a thread for this..... being a fairly illiquid stock, and a sub cent stock to boot, most of the times technical analysis is not good for predictions.....but I have been using this long term trend trading method with reasonable success on such penny stocks....examples-recently it did pick up RXL at 2.4c, CZR at 0.009c, KAI at 1.8c etc...all of them just exploded suddenly changing my win loss predictions substantially enough to make me feel good
So, I turned my eye to this sleeper which I have been invested for a while now....and lo and behold....it may have restarted an uptrend....wish it had closed at 0.005 last month to absolutely confirm it, but I think it still has turned the corner. Anyway, my assessment says that if the stock price can get to 0.005c by the end of July, the uptrend would be firmly confirmed and 1.4c would be a decent predicted number fir it to reach by Oct/Nov. Any other technical gurus see anything in the charts to excite buyers?
GLTAH
Technical analysis
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Last
1.0¢ |
Change
0.001(11.1%) |
Mkt cap ! $19.86M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 1.0¢ | $3.659K | 365.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 10892609 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 550370 | 3 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
1.0¢ |
Change
0.001 ( 5.00 %) |
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| Open | High | Low | Volume | ||
| 1.0¢ | 1.0¢ | 0.9¢ | 850900 | ||
| Last updated 13.34pm 26/04/2024 ? | |||||
| SRN (ASX) Chart |