We have been in a sideways consolidation / accumulation for 56 days. Range 13.
16% of available stock was traded & a guesstimate of 7% accumulated by the break.
We sold down on 12mill 2.5% of available stock.
Large range C Started on 28/11/18 and so far has seen 136,174,323 shares traded (25.4% of available shares).
The down side target for the then new range C was $0.078. If that eventuates then we will see the gap & 0.078 – 0.098 being closed. That is not my expectation.
My numbers show that 68.5% of the volume traded so far is buying, 31.5% selling & 9.4% accumulated
Inside Range C there have (so far) been 2 distinct ranges.
Range 12, was of a short duration & lasted for 13 periods.
Range 13, started on the 24/12/18 & (assuming it has broken) lasted for 55 periods, trading in a tight 0.03 range with only one bar falling outside but closing back inside the range.
My calculations show that there were 87,122,820 shares traded (16% of available shares).
Buying was 64,343,300 & selling was 22,779,520 at an avg price of $0.147
& accumulated was 41,563,780 (7% of available shares) at an avg price of $0.136 & has been one of the largest accumulation ranges in the last 17 months.
Range 14
At this point we have dropped through the base of trading range 13. This may be the start of a new range 14 or a short term glich before returning to 13.
I am assuming a new short term range (14) for these calculations but they could change if the sp rallies back into the prev. range straight away.
The downside target is potentially 0.095.
If we have in fact started a new range & the base is set then this volume will show as buying in range 14 at an avg price of 11.8 at this time.
We have fallen on 12,690,179 (2.3% of available shares). This is not indicating a major selloff by the general market.Imo. This is the smart money taking advantage the fear & uncertainty again. Nothing more nothing less.
We have seen these patterns more than once & usually at the time of an update.
Re read everything the company has achieved in the last two years.
Re read the last 2 - 3 updates. Nothing has changed.
Hold onto those shares.
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Last
3.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $62.60M |
Open | High | Low | Value | Volume |
3.6¢ | 3.6¢ | 3.5¢ | $18.49K | 520.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 781426 | 3.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.6¢ | 1183801 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 260000 | 0.155 |
3 | 61000 | 0.150 |
4 | 120313 | 0.145 |
11 | 406548 | 0.140 |
7 | 441138 | 0.135 |
Price($) | Vol. | No. |
---|---|---|
0.165 | 460315 | 8 |
0.170 | 295000 | 6 |
0.175 | 264333 | 3 |
0.180 | 515548 | 2 |
0.185 | 43900 | 3 |
Last trade - 10.52am 18/11/2024 (20 minute delay) ? |
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