If you look at chart of the beach here, a clear trend has been established starting from 10th of february.Currently this channel is moving north east, with advance and retrace establishing a pattern. Currently we are at the lower end of the channel and if the pattern continues, we should reach the top of the channel next week and testing the dollar by the end of that week. A few percentage gain next week is not out of the question if the pattern holds.
Like buddy I hold a substantailly beach in my portfolio but also trade short term when opportunities arise like the present clear pattern.Consult your own financial adviser as to your own situation and beware of the volatility of the equity market.Good trading at the beach.
clear trend established
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Last
$1.28 |
Change
-0.005(0.39%) |
Mkt cap ! $2.920B | |||
| Open | High | Low | Value | Volume |
| $1.29 | $1.29 | $1.27 | $4.172M | 3.258M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 34600 | $1.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.29 | 308421 | 5 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| BPT (ASX) Chart |