Looks like the consolidation period might be over. A break of the 5.59 all-time high would make
this H&S continuation look likely of materializing. Based on recent price action on the daily chart I think this is likely.
I have taken an "early" position. More conservative would be to wait for the new high.
GLTA
Head & Shoulders continuation with $7 projection
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Last
$7.45 |
Change
-0.150(1.97%) |
Mkt cap ! $234.5M | |||
| Open | High | Low | Value | Volume |
| $7.56 | $7.65 | $7.41 | $21.33K | 2.822K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $7.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.65 | 1877 | 1 |
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| Last trade - 15.54pm 05/07/2024 (20 minute delay) ? |
| FID (ASX) Chart |