Just my view that there are too many lines on your charts to know what you are getting at but under the current condition, I don't think Fibs will have any influence. I came out of the RIU conference in Freo not thinking much of this stock because of the sovereign risk exposure in Argentina but the chart looks attractive.
It was trading below the peak 46C but I got a sense that publicity at the conference drove the rally through 46C initially then I was amazed at the breakout. I thought the 'leaky boat' concept was appropriate and as the rally went exponential and a TH with that so called great result, buy rumor sell news kicked in? Volume spike on that news suggest insiders getting out on this distribution stage.
Under more normal circumstance, I would be waiting for 41C entry but this smells of .......
Staying on the sideline until I can see the late bulls getting smashed completely first! Good luck.
Charting, page-60
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Last
12.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $60.50M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.8¢ | 12.3¢ | $212.1K | 1.694M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 295680 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 2021999 | 6 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| GLN (ASX) Chart |
