All technical indicators are pointing to a sell at the moment.
As to when the fall will stop, no-one knows for certain.
My guess is that it will drift lower until either:
a) A major revenue related positive announcement is made ('fluffy' announcements regarding personnel changes/strategy updates won't halt the decline)
b) We eventually find some level of support. This will be at a level when the risk/reward balance moves back in favor of reward. I think $100m market cap is factoring in a substantial level of success, but a market cap of $50m swings the balance back in favor of a buy.
As has been suggested by other posters, there appears to be support at 5-6c and again at 3c.
GLTAH. DYOR.
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Last
3.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $182.0M |
Open | High | Low | Value | Volume |
3.8¢ | 3.9¢ | 3.8¢ | $157.4K | 4.137M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 1783228 | 3.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.9¢ | 24268 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 1783228 | 0.037 |
12 | 4066502 | 0.036 |
15 | 2721242 | 0.035 |
13 | 2459485 | 0.034 |
5 | 1107945 | 0.033 |
Price($) | Vol. | No. |
---|---|---|
0.039 | 24268 | 1 |
0.040 | 1389125 | 10 |
0.041 | 1384628 | 7 |
0.042 | 1230959 | 6 |
0.043 | 578571 | 4 |
Last trade - 15.50pm 09/09/2024 (20 minute delay) ? |
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