The RSI gives neither a BUY or SELL condition and is maintaining a netural as the volume remains in a hold condition while news of the Transocean Legend release is pending.
Investors from October last year to Janurary this year appear to be holding as of this point. Expect a profit taking trend from short termers once drilling begins. This should not have a impact on the share price
IMHO the 30 day outlook shows a very positive condition. Again a "hold for news condition" appears to be going on after a strong increase at the beginning of the year. It looks like the market is waiting for the start of the Browse Basin program at this point.
my charting take, page-10
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Last
$1.38 |
Change
-0.025(1.79%) |
Mkt cap ! $1.071B | |||
| Open | High | Low | Value | Volume |
| $1.38 | $1.40 | $1.37 | $3.804M | 2.757M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 38853 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 16869 | 1 |
View Market Depth
| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| KAR (ASX) Chart |