Today we saw the breakout out of the ascending triangle I mentioned before and even saw the back test of the breakout/base line of the triangle at $1.35. Increased/above average volume is confirming the breakout as well. Indicators like the RSI and the MACD have only just reach and crossed the 50 and the zero line respectively suggesting there is a lot more room to move up with rising SP. The breakout out of the triangle has added a few new up targets (black dashed horizontal lines) to what I had indicated before coming out of falling trend channel. So I have no doubt the remaining open gaps will be filled over time.
Personally I think FOMO has set in now as well towards the new release date of the Tesla off-take agreement and other announcements expected before the end of June, which will carry the SP up over time!
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Last
81.0¢ |
Change
-0.015(1.82%) |
Mkt cap ! $1.964B | |||
| Open | High | Low | Value | Volume |
| 81.5¢ | 82.0¢ | 77.5¢ | $15.36M | 19.24M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 37388 | 81.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 81.5¢ | 95789 | 12 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| LTR (ASX) Chart |