Going by the falling wedge pattern we could see either the share price go to to;
(1) The width of the wedge; 61 - 36 = 25
25 + 38 (Breakout price)
Possible price target is 62
(2) The distance of the flagpole; 61 - 16.5 = 44.5
44.5 + 38 (Breakout price)
Possible price target is 82.5
The reason why I was happy today was a low volume day was because of the decreasing volume over the last few days as well.
This means that a breakout may occur over the next few days.
CommSec Bullish, page-50
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Last
5.6¢ |
Change
-0.004(6.67%) |
Mkt cap ! $16.24M | |||
| Open | High | Low | Value | Volume |
| 6.6¢ | 6.6¢ | 5.5¢ | $47.36K | 820.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 280076 | 5.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.9¢ | 116300 | 2 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| LOM (ASX) Chart |