diatribe this is one interpretation:
MIC beaks up from a bottom and rallies for three days on reasonable volume.
Hits resistance at .068 on the fourth day and then closes lower due to profit taking.
Three days of consolidation.
Next day tests resistance again and fails to break up.
Stale holders exit position over next five days pushing price down to support levels.
Probability of support at these levels (.056 to .058) as these were previous resistance levels.
May consolidate at these levels before testing resistance at .069.
Also a possibility that a double bottom may form on the weekly chart - remains to be seen.
diatribe this is one interpretation:MIC beaks up from a bottom...
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Last
7.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.390M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 142812 | 6.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.3¢ | 43950 | 1 |
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| Last trade - 10.02am 09/08/2024 (20 minute delay) ? |
| CBH (ASX) Chart |
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