Hi all. I got this auto email from BellDirect. This is the third time this year, first two time the quoted price range was achieved in record time. This time they saying $2.03 to $2.13 range.
In regards to chart below, i'm not a chartist, this is simply forwarded so I would welcome few pro's to comment on it.
GLTAHGalan Lithium Ltd forms bullish "Flag" chart pattern
Nov 25, 2021Trading Central has detected a "Flag (Bullish)" chart pattern formed on Galan Lithium Ltd (GLN:ASX). This bullish signal indicates that the stock price may rise from the close of 1.63 to the range of 2.03 - 2.13. The pattern formed over 13 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.
Tells Me: The price seems to be resuming a sharp rally after taking a brief pause.
A bullish Flag pattern occurs during a dynamic market rally, representing a brief pause as the market "catches its breath" before running off again in the same direction. The pattern consists of two parallel trend lines, often sloping downward against the prevailing uptrend, and is confirmed when the price breaks through the upper boundary to resume the rise.
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Last
13.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $93.95M |
Open | High | Low | Value | Volume |
12.5¢ | 13.0¢ | 12.5¢ | $914.5K | 7.297M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 713831 | 12.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.0¢ | 2316813 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 694000 | 0.125 |
40 | 2311729 | 0.120 |
13 | 3625328 | 0.115 |
36 | 1595377 | 0.110 |
33 | 1580449 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.130 | 1320943 | 11 |
0.135 | 864841 | 11 |
0.140 | 736189 | 13 |
0.145 | 746265 | 10 |
0.150 | 371819 | 5 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
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