Break outs categorised by two things
1. big increase in volume - tick
2. Break out from previous resistance / little tick
if it can move and close above 14 we are in break out territory with upside until next resistance which is in 20s
interestingly flattening ( reducing ) backwardation of futures curve may prompt some analysis to increase their oil price assumptions which sit at 85-95 for most analysts. Add the higher assumed AUD on most analysts projections , and Brent projections are about 25-30 aud lower per barrel than reality, which is a big difference for HZN given medium term production profile
Break out underway ?
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Last
18.5¢ |
Change
0.010(5.71%) |
Mkt cap ! $300.2M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 18.5¢ | 17.5¢ | $611.4K | 3.346M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 90950 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 462009 | 8 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| HZN (ASX) Chart |