The HOURLY lr chart from the $2.52c. sp high on 31/01/23 to the $1.185c. sp low on 26/04/23, generated an UPPER channel range of 49c., and a LOWER channel range of 36c.
From 26/04/23, key up side TP's/horizontal RESISTANCE tests are forward looking (extrapolated), PREDICTIVE in nature...and will be (generally) MULTIPLES of that 49c. range , including range mid points.
As to the key down side TP's/horizontal SUPPORT tests are also forward looking, PREDICTIVE in nature ...and will be (generally) MULTIPLES of that 36c. range, including range mid points.
FWIW...counter trend rallies are generally TERMINATED at an rmp level , currently $1.52c. ......prior to gravitating to the next (lower) key support level ....$1.27c.
$1.09c. is the next key rmp support level .
Cheers
[ATTACH] The HOURLY lr chart from the $2.52c. sp high on...
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Last
62.0¢ |
Change
0.070(12.7%) |
Mkt cap ! $134.1M | |||
| Open | High | Low | Value | Volume |
| 54.0¢ | 64.5¢ | 54.0¢ | $1.122M | 1.899M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1587 | 63.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 63.0¢ | 4836 | 2 |
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| Last trade - 15.52pm 02/10/2024 (20 minute delay) ? |
| WR1 (ASX) Chart |