TON 10.0% 1.1¢ triton minerals ltd

TON - Tech Update,gap at 0.485c now closed

  1. 75 Posts.
    Gaps are usually filled - today a gap from 9/July has now been filled ( 0.485)

    0.48c was strong resistance on the way up and should be strong support now

    0.48c is also the 50% retracement from the low of 0.22c to the high at 0.90c

    Weekly chart remains above moving averages ( 0.47c is the 12dma on weekly also support)

    This should be a two week decline from 0.90 to 0.46 ( -48.6% retracement!!!) why selling some on route always a good idea!! ( Wave 4 retrace)

    previous decline from ( 0.46 to 0.31 a 31% retracement) is of similar serverity ( assuming this was a Wave 2)

    This appears to be a Wave 4 retrace ( wave 3 went from 0.31 to 0.90) so we r retraceing this movement higher - the retrace should now be over around this 0.48c level

    Good luck to all those holding - I am glad I sold a bit higher as per my trading strategy of taking a bit off the table!

 
watchlist Created with Sketch. Add TON (ASX) to my watchlist
(20min delay)
Last
1.1¢
Change
0.001(10.0%)
Mkt cap ! $17.25M
Open High Low Value Volume
1.0¢ 1.1¢ 1.0¢ $12.06K 1.206M

Buyers (Bids)

No. Vol. Price($)
1 404596 1.0¢
 

Sellers (Offers)

Price($) Vol. No.
1.1¢ 862497 4
View Market Depth
Last trade - 16.10pm 04/07/2024 (20 minute delay) ?
TON (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.