Long term technical indicators are holding up well as a positive , however short term indicators are weakening 20 & 50 Day Moving Average vs Price is not healthy and short term 20-50 day MACD is indicating a possible pullback inthe SP,
if it breaks 6.5c resistance level a drift down to low fives is very possible. The longer the SP lingers in this price band the more possible
Also news could blow this out of the water and it will hit new heights , there is little resistance ahead except at 7.5c , but it will have to be extremely positive news , the market has been ignoring or more times than not punishing listed companies with mediocre revenue results even though the company is showing growth and is in its infancy .A market cap of 143 mill will want some solid contracts and figures. So a 10c party if it hasn't already been hosted will be well deserved
Long term technical indicators are holding up well as a positive...
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Last
8.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.566M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 6.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.5¢ | 182500 | 1 |
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| Last trade - 16.12pm 21/06/2024 (20 minute delay) ? |
| OAK (ASX) Chart |
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