Seeing you asked this question on a charting thread, let me illustrate with a chart. But first, it's important to remember that nothing goes up in a straight line. Nothing. So whilst your investment may end up being a really good one here in the longer term, retraces are normal, predictable and mappable. In even simple terms, the RSI on a chart will give you clues as to how a SP is travelling. Anything above 75 is overbought territory and this is a good place to start to think about taking profits if that is your thing, OR, to hold off buying because you can likely get them cheaper not too far down the track. On the 10 year, 2 week chart the RSI is at 87 - higher than it has been at any time in the last 10 years. That simply means it has to cool off. Let's be fair, a rush from 0.8c to 5.5c is huge gains in 8 trading days. On the 3 month chart it was at 91 - even more overbought. Fibonacci levels are also remarkably reliable in picking where the SP might go back to as well. Today for example, it perfectly touched the 23.6% mark at 4.5c.
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Last
2.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $277.9M |
Open | High | Low | Value | Volume |
2.9¢ | 2.9¢ | 2.7¢ | $1.670M | 60.36M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 323014 | 2.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.8¢ | 9080474 | 28 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 278014 | 0.027 |
68 | 19275045 | 0.026 |
67 | 23423099 | 0.025 |
38 | 14407949 | 0.024 |
32 | 7230780 | 0.023 |
Price($) | Vol. | No. |
---|---|---|
0.028 | 9080474 | 28 |
0.029 | 8912466 | 22 |
0.030 | 9569154 | 52 |
0.031 | 3465249 | 19 |
0.032 | 4075751 | 20 |
Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
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