Cup and Handles are a bullish continuation pattern, not a bottoming pattern.
Technically this looks rubbish - it's in a 3 year downtrend. Usually I'd want to see a 6-12 month base before considering buying based off of technicals - however I've taken a punt on this one as I've been watching it for years and feel the fundamentals may have put the low in now.
Ann: Beetaloo Operations Deliver Strong Gas Flow Rates, page-19
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Last
24.0¢ |
Change
-0.005(2.04%) |
Mkt cap ! $249.2M | |||
| Open | High | Low | Value | Volume |
| 24.5¢ | 24.5¢ | 24.0¢ | $12.93K | 53.77K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 312597 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.5¢ | 38227 | 2 |
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| Last trade - 11.52am 20/06/2024 (20 minute delay) ? |
| EEG (ASX) Chart |