I am not a professional chartist but the fact that it bounced of 9.73 is very good. Everytime it went below the 200 EMA before, it went down by exactly 9cents below 200EMA which for today was 9.73. And ofcourse, it never closed the day below the 200EMA.
For this stock to fall below 200 EMA with no news what so ever would be a concern but until now I havent been. BAL touched the 200EMA and the next day fell through it like it wasnt there. So tomorrow/next week is critical in confirming that we have solid support at 200EMA.
If it doesnt close below 200EMA for the next week, I think the chances of it going below 200EMA before the AGM are slim to none.
HOOTS Chart Update, page-75
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Last
$6.77 |
Change
-0.080(1.17%) |
Mkt cap ! $4.915B | |||
| Open | High | Low | Value | Volume |
| $6.81 | $6.83 | $6.77 | $1.011M | 148.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 40 | $6.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.78 | 8977 | 17 |
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| Last trade - 11.55am 22/07/2024 (20 minute delay) ? |
| A2M (ASX) Chart |