I have seen this many times before. A stock sits at a level for a long time, with every opportunity to go down in a bad environment, with the all the cards stacked against it in terms of its peers trading momentum (O&G right now, other cooper basin players), and it just continues to hold and build on good news. Eventually you get a turn in the momentum of the underlying market, then the big resistance level gets taken out and is never to be seen again.
I think we are setting up for the same thing here. In my mind it is just a timing issue.
IMO.
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Last
20.8¢ |
Change
0.003(1.22%) |
Mkt cap ! $644.7M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 21.0¢ | 20.5¢ | $35.17K | 167.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 36 | 1512303 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 693472 | 29 |
View Market Depth
| Last trade - 11.58am 04/12/2024 (20 minute delay) ? |
| STX (ASX) Chart |
