I would be cautious of a flag pattern that long Blaize in terms of profit target. As in I wouldnt expect it to then rally to 60c. A falling wedge would be more like it with a target of around 45c.
IMO 37c is the absolute maximum retrace being the bottom of the gap. I dont see why its going to 33c. In fact I wouldnt be surprised if it breaks out before the gap. The volume is dropping off nicely in the consolidation of the pennant pattern. Any break of that pennant trendline on good volume will have me buying for sure.
retrace, page-14
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Last
0.4¢ |
Change
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Mkt cap ! $14.85M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $44.42K | 10.96M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 76 | 35438671 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 11634354 | 27 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| POS (ASX) Chart |