5GG 1.85% 5.3¢ pentanet limited

will it go down?, page-29

  1. 1,600 Posts.
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    I'll try to follow along. Do you mean;

    1. The channel bound by blue upper line and purple lower line.

    2. Declining wedge bound by pink upper line and purple lower line.

    3. The channel bound by pink upper line and orange lower line.

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    1 - would be bad news. Probably low probability of this channel being the future range as it ignores a substantial amount of trading volume, but if it is the the future price range that's terminal illness for 5GG

    2 - not a well formed pennant. The price has mostly hugged the upper resistance line with almost no regard to there being a lower support range

    3 - pretty clear downward trending channel but it has broken out with enough gusto to say the general uptrend reins supreme.


    https://hotcopper.com.au/data/attachments/3182/3182672-bb4248457b247cf7a66ebde2321b95de.jpg
 
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