The current price of $1.095 represents an Elliott Wave A,B,C correction where the C wave exceeds the A wave by one cent.
A wave $1.585 to $1.25 = $0.335
B wave $1.25 to $1.44 = $0.19
C wave $1.44 to $1.095 = $0.345
This is not an uncommon occurrance for the 3rd wave in a movement to exceed the first by one cent. This ensures that if it was to be a 5 wave movement the 3rd would not be the shortest of 1,3 & 5. I do, however, see this as a 3 wave move & mathematically it is a good technical low.
I added to my positions @ $1.10.
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Last
$1.51 |
Change
-0.010(0.66%) |
Mkt cap ! $421.5M | |||
| Open | High | Low | Value | Volume |
| $1.52 | $1.52 | $1.51 | $264.3K | 174.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 440 | $1.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.52 | 8024 | 1 |
View Market Depth
| Last trade - 15.59pm 25/07/2025 (20 minute delay) ? |
| WMI (ASX) Chart |