Hi Chuk - given the fractal nature of the chart, my guess is that we will retest 4.6 which will fail and then see saw back down to 3.5. The 61.8 fibbonaci is spot on 4.6. Thats the price point we need to watch.
The other possibility I see is a test of 4 and back to 4.4.
The reason I say this is the head and shoulders pattern tendency for the footprint. If it fails now, then that would be very bullish. IMO we need to see 4.9 for that to look like the play.
I hope I am wrong as I am long.
whose selling out ?, page-119
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Mkt cap ! $4.235M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $3.177K | 1.588M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 81872432 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 448437 | 1 |
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| PRX (ASX) Chart |