It found support on the 34 EMA and is being squeezed between that and 13 EMA.
If it is the start of a bull run it needs to "channel" and cannot break out of the channel without a significant retrace. However i dont see a completed 5th wave unless it is going to truncate and will lead to quite severe falls. its really at the inflection point now but i would not be holding if it decidedly breaks this channel.
As ive said i think Q3 will evidence between 20 million and 50 million operating losses as arrears were trending much higher and they have made a rod for their own back by comparing bad debts from a weaker quarter against revenue from a stronger quarter and now this reverses and they cant use the accounting trick they used the last time.
It found support on the 34 EMA and is being squeezed between...
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Last
$3.25 |
Change
0.140(4.50%) |
Mkt cap ! $4.243B | |||
| Open | High | Low | Value | Volume |
| $3.14 | $3.27 | $3.09 | $45.60M | 14.21M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8794 | $3.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.25 | 36106 | 6 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |