As always, there is always a possible negative & a possible positive wave count.
The possible negative count, which is highly unlikely but all the same positive in the long term is that we are in the C wave of 2 having $2.07 the top of wave 1 & $1.34 the A wave of 2 & $1.75 the top of the B wave of 2.
The probable positive count is that wave 2 concluded at $1.34 & we are in wave 3. There are two possible counts within wave 3. The first being that $1.75 was the top of wave 1 of 3 & has a perfectly legitimate 5 wave count within that move. That means we are in a 2nd corrective wave of the move up in this third wave.
Now the exciting possibility is that the 1st move up in this 3rd wave concluded at $1.72 & since then we have had a running correction, $1.72 to $1.54 ($0.18) wave A, $1.54 to $1.75 ($0.21) wave B & $1.75 to $1.57 ($0.18) wave C.
You should note that waves A & C are of equal length with wave B ($1.75) breaking the top of wave 1 ($1.72). That constitutes a running correction. The strong buying orders on the market at the moment seems to indicate that the share price is unlikely to go below $1.57.
A running correction is an indication of strength & a strong positive move should be anticipated.
The current length of waves within wave 3 indicates that these current waves are part of the 1st of the 1st of the 3rd.
The two positive wave counts indicate 3rd wave targets of $3.93 or $4.14.
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Last
69.5¢ |
Change
0.015(2.21%) |
Mkt cap ! $95.46M |
Open | High | Low | Value | Volume |
68.0¢ | 70.5¢ | 68.0¢ | $12.76K | 18.23K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5868 | 69.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
70.0¢ | 2500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5868 | 0.690 |
1 | 15756 | 0.680 |
1 | 5000 | 0.675 |
3 | 35166 | 0.665 |
1 | 14972 | 0.660 |
Price($) | Vol. | No. |
---|---|---|
0.700 | 2500 | 1 |
0.710 | 41084 | 2 |
0.715 | 12121 | 1 |
0.720 | 24473 | 2 |
0.730 | 13487 | 1 |
Last trade - 12.57pm 27/08/2024 (20 minute delay) ? |
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