Yes, you are quite correct the SP was on a slippery slope has been in a downtrend for several months now forming a Flag pattern since 26 June when it broke its support, we have hit a new low for now IMO, & now have started a new uptrend channel IMO. looking at the chart overall one needs to assess his situation where they have entered & make their decision where to hold or fold when the time comes, whether to jump ship or ride the waves,
I keep stating that for me it is in an uptrend when buying at single digits, anyone buying above @30c is still in an uptrend. investors need to make their own interpretations where they need to buy or sell... some of my interpatations below for consideration...
https://www.investopedia.com/terms/u/uptrend.asp
Chart, page-12244
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Last
18.0¢ |
Change
-0.005(2.70%) |
Mkt cap ! $352.6M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 18.5¢ | 17.5¢ | $885.1K | 4.882M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 147118 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 812548 | 19 |
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| Last trade - 16.10pm 07/08/2024 (20 minute delay) ? |
| BRN (ASX) Chart |