And this is why I'm bearish short term.
Two prominent bearish candle patterns formed at a known resistance level - the gap during March '09.
This came after a strong month long rally that saw it gain 20%.
A large gap formed near the start of that rally that I believe will need to be filled. That gap also coincides with two previous swing highs and will most likely form a key support area in the future.
There was an almost identical move in August with a large bearish engulfing pattern and a short term double top like now. An identical down move would see the gap filled.
I'm also a believer in long term uptrend lines acting as magnets, drawing share prices back to reality, keeping rises slow and steady.
Cheers,
10cents
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Last
$292.00 |
Change
-1.690(0.58%) |
Mkt cap ! $141.3B |
Open | High | Low | Value | Volume |
$292.05 | $294.47 | $290.89 | $107.0M | 366.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 278 | $291.50 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$292.00 | 366 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 278 | 291.500 |
1 | 25 | 291.400 |
1 | 25 | 291.350 |
1 | 13 | 291.210 |
2 | 260 | 291.000 |
Price($) | Vol. | No. |
---|---|---|
292.000 | 366 | 1 |
292.020 | 903 | 1 |
292.080 | 964 | 1 |
292.090 | 77 | 1 |
292.100 | 1031 | 1 |
Last trade - 16.10pm 28/10/2024 (20 minute delay) ? |
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