I know I keep posting charts and saying 'I'm not a chartist'. So my apologies but here's another one.
From what I read about bullish pennants a close above the top trendline is the confirmation of a breakout, and given this is considered a very reliable and very bullish pattern I think this will be a massive buy signal for traders. Given the trading activity going on here over the last few weeks I'm sure there's a bunch of them watching this chart, and it seems an almost-certainty that it will close above the line today (29 or higher would do it).
So we could be in for a wild ride next week, particularly if we drop a study at the same time.
GLTA.
General Discussion Banter GLN, page-4644
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Last
12.0¢ |
Change
0.010(9.09%) |
Mkt cap ! $71.52M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 12.0¢ | 11.0¢ | $266.6K | 2.301M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25960 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 281582 | 5 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| GLN (ASX) Chart |