Appears the major Uptrend channel has broken down for now @ 52-53c at time of writing (with some significant volume).
Perhaps the Mcap got ahead of itself of perhaps its simply traders caught high selling off either way technically the chart is in breach as I speak. Lets see how it finishes the day back in trend or out of trend is the question. Key here, I think, to maintaining/sustaining a lofty "100+ mcap" will be the Qtly due soon and the cash receipts for qtr just past and forecast cash receipts for next Qtr. Did someone say they report qtrlys 2 weeks early (ie, Mid Jan) ?
Perhaps wait to see how that report looks before making a decision
Appears the major Uptrend channel has broken down for now @...
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Last
6.1¢ |
Change
0.001(1.67%) |
Mkt cap ! $13.03M | |||
| Open | High | Low | Value | Volume |
| 7.0¢ | 7.5¢ | 6.1¢ | $26.15K | 381.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 34992 | 6.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.5¢ | 29916 | 1 |
View Market Depth
| Last trade - 15.55pm 25/04/2024 (20 minute delay) ? |
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Last
6.1¢ |
Change
0.001 ( 14.1 %) |
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| Open | High | Low | Volume | ||
| 7.2¢ | 7.7¢ | 6.1¢ | 70544 | ||
| Last updated 15.55pm 25/04/2024 ? | |||||
| ZNO (ASX) Chart |