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
20.5¢ |
Change
-0.005(2.38%) |
Mkt cap ! $644.7M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 21.0¢ | 20.5¢ | $481.2K | 2.298M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 1372660 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 407651 | 7 |
View Market Depth
| Last trade - 16.10pm 03/12/2024 (20 minute delay) ? |
| STX (ASX) Chart |
