A 52-week low creates a strong support level, the same way a 52-week high forms a resistance level. The levels are at the opposite sides of the 52-week range. Technical traders and investors often observe this level when trading breakouts. Note that false breakouts happen too and it’s important to analyze the company financials to understand the reasons why the stock has been trading at such low prices.
|AFC AFC GROUP HOLDINGS LIMITED ORDINARY SHARES||0.00||0.00%||0.00||Sell||1.044M||3.664M||—||-0.00||—||Financials|
|GXH GREEN CROSS HEALTH LIMITED ORDINARY SHARES||1.30||-0.76%||-0.01||Sell||27.755K||187.530M||11.05||0.12||700.00||Consumer Non-Cyclicals|
|MGL MERCER GROUP LIMITED ORDINARY SHARES||0.16||0.00%||0.00||Sell||1.306K||10.323M||—||-0.20||197.00||Basic Materials|
|SCY SMITHS CITY GROUP LIMITED ORDINARY SHARES||0.37||-2.63%||-0.01||Strong Sell||51.071K||19.495M||—||-0.14||700.00||Consumer Cyclicals|