I get these 'Daily Trading Ideas' emails every day from HSBC. So today they have ARQ as a Bearish trade.This bearish signal indicates that the stock price may fall from the close of0.61to the range of0.50-0.52.
ARQ Group Ltd forms bearish "Downside Breakout" chart pattern
The price broke downward out of a trading range suggesting we're entering a new downtrend. The Downside Breakout represents a trading range in which prices move sideways between two parallel horizontal lines. It's often a pause or congestion area within an existing trend though sometimes the breakout results in a reversal to the prior trend. Either way, a downside breakout through the lower support line signals an end to the consolidation period and the start of a downtrend.
ARQ chart, page-49
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 (20min delay)
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Last
14.5¢ |
Change
-0.005(3.33%) |
Mkt cap ! $44.90M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.0¢ | 14.5¢ | $14.62K | 98.94K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 565736 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 2216057 | 17 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| 5GN (ASX) Chart |