A weekly close above the previous high of 2.8 bodes very well for a confirmed technical breakout and momentum to continue.
Nice that we had a little shakeout back to 2.6 earlier in the week to get rid of some weak holders.
Buy sell ratio remains very strong 100m/30m
RSI by no means extremely overbought.
Notice on the chart two previous occasions when the price jumped up thru the upper Bollinger band.
November 2016 broke above 1.0 and within 4 weeks 100% gain made to 2.0c
Again , October 2017 broke above 1.7 and within 6 weeks a new high of 2.8 made for a 65% gain.
Quite probable we can reach technical targets of 4.3 and 5.3 within a matter of weeks .
And yet still be fundamentally very cheap for the science that has been developed.
Weekly chart
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 (20min delay)
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Last
8.3¢ |
Change
-0.002(2.35%) |
Mkt cap ! $607.5M | |||
| Open | High | Low | Value | Volume |
| 8.4¢ | 8.5¢ | 8.2¢ | $953.1K | 11.48M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 40556 | 8.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.4¢ | 216619 | 4 |
View Market Depth
| Last trade - 16.10pm 25/04/2024 (20 minute delay) ? |
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Last
8.4¢ |
Change
-0.002 ( 1.42 %) |
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| Open | High | Low | Volume | ||
| 8.4¢ | 8.5¢ | 8.2¢ | 6636401 | ||
| Last updated 15.59pm 25/04/2024 ? | |||||
| IMU (ASX) Chart |