The current price action and technical/chart set up has happened before during the Covid low. See the chart below for what happened after the price moved into extreme oversold territory like it has again now (e.g. RSI hit 17 Covid low and yesterday - this has only happened both these times).
Price bounced HARD from RSI 17 during Covid low and it will happen again...11.67% dividend in about 10 weeks time...
And a close up of Exhibit B...
Candles that drop outside the bollinger bands, either above or below, ALWAYS get brought back in...strong close today
Shorts will need to start covering soon. Above $23.50 and the share price will melt up imho. Dyor.
Cheers.
The current price action and technical/chart set up has happened...
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Last
$8.41 |
Change
0.080(0.96%) |
Mkt cap ! $1.451B | |||
| Open | High | Low | Value | Volume |
| $8.31 | $8.41 | $8.20 | $12.67M | 1.511M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5667 | $8.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.41 | 15509 | 3 |
View Market Depth
| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| MFG (ASX) Chart |