Is anyone concerned about the apparent double top on the ARU chart? Seems like it has tried to break out past $2.20 twice and failed (back in April and then again in July).
I'm not trying to be negative, love the company and in fact I bought some options this morning at $1.20 to add to my ordinary shares I have held since Feb.
I guess the reason for my post is that I know nothing about charts or technical analysis, but I have heard reference to so called 'double tops' in the past and am wondering if that's what we are seeing here and if so what it might mean for ARU.
double top
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Last
16.3¢ |
Change
-0.003(1.52%) |
Mkt cap ! $389.8M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 16.5¢ | 16.0¢ | $82.30K | 503.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 53 | 1327691 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 1411976 | 36 |
View Market Depth
| Last trade - 14.11pm 30/08/2024 (20 minute delay) ? |
| ARU (ASX) Chart |