The chart looks healthy to me.
5 weeks ago the support/resistance zone a few pips below 2 cents was tested and found support.
The only obvious resistance zone I can see is at 3 cents, which, if the company truly is valued above $21.5m (I think it is!) then we could potentially see the stock finally push through 3 cents.
The longer term nature of weekly charts is useful for showing more substantive details of how the stock is performing.
It looks to me based on the Twynam Agriculture notice of ceasing to be a substantial holder (they sold out completely) that the selling at that time seems to have caused the 8-12 week wobbles. There was supply at the 2-2.3 range. That supply has dried up buyers have taken advantage.
Will be interesting to see where it goes but it looks bullish.
The chart looks healthy to me. 5 weeks ago the...
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Last
1.4¢ |
Change
0.001(7.69%) |
Mkt cap ! $40.66M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.4¢ | 1.3¢ | $16.41K | 1.259M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 945206 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 1540287 | 4 |
View Market Depth
| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| WWI (ASX) Chart |
