I don’t usually look for candlestick indications in short term trading activity but it’s too good to ignore here. A close above 55c will mark 6 trading days with ‘step-ladder’ momentum. Green, Red pattern increasing at a decreasing rate. Standard accumulation approach when a tree-shake is occurring. Relatively similar to activity in March-2023 when we gapped from $1 to $1.6. Slightly resembling December activity in a similar gap from 60c to mid 80s. We’ll know what day news drops or large buyers decide they want to open up the throttle as it’ll be a 15-30% increase.
The volumes we are seeing are also indicative of a gap up. Price increases seeing large volumes, decreases showing significantly smaller volume days, evidence that it is a buyers market. Every possibility we see tomorrow continue this trend with a substantial buying day, news dropping or both. It’s a trend until it breaks it, but the chances of flipping a coin 6 times in a row and predicting the correct outcome is 1 in 64. Proving that the chances of this trading pattern being random are 63-1.
Tomorrow will be tell tale, if my prediction is correct, large volume, another 5-10% increase above closing price today (~60c). Then we are set to gap into the expected 80c range.
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Last
60.5¢ |
Change
-0.025(3.97%) |
Mkt cap ! $104.0M |
Open | High | Low | Value | Volume |
63.5¢ | 64.5¢ | 60.5¢ | $352.5K | 566.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 6599 | 60.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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61.0¢ | 4500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 6599 | 0.605 |
7 | 102173 | 0.600 |
1 | 925 | 0.595 |
4 | 31500 | 0.590 |
4 | 77452 | 0.580 |
Price($) | Vol. | No. |
---|---|---|
0.610 | 4500 | 1 |
0.620 | 30000 | 1 |
0.635 | 3500 | 1 |
0.640 | 29125 | 1 |
0.645 | 10000 | 1 |
Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
61.0¢ |
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Change
-0.025 ( 3.94 %) |
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Open | High | Low | Volume | ||
63.0¢ | 64.5¢ | 61.0¢ | 179197 | ||
Last updated 15.59pm 31/05/2024 ? |
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