My chart tells me that the head and shoulder pattern will complete at $18. Strangely the 61% Fib retracement from the begining of the uptrend in OCtober 2017 is also $18. So not too far to go. I hope it never gets there but if it has to go down further then i believe that it is not too far to go before buyers flock in. Stock dr valuation is 14.70. Therefore, it is pointless selling now when there is more upside than downside. These are purely my views.
What do people think ?
H&S and 61% fib
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Last
$206.05 |
Change
1.330(0.65%) |
Mkt cap ! $21.39B | |||
| Open | High | Low | Value | Volume |
| $205.50 | $207.99 | $205.27 | $3.101M | 15.05K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 52 | $206.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $206.30 | 18 | 4 |
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| Last trade - 10.35am 14/11/2024 (20 minute delay) ? |
| PME (ASX) Chart |