* Initial peak at the end of 2021
* Sharp retrace (automatic reaction) followed by quick rally into the secondary test
* Sharp fall again on most bearish volume in that period
* Long phase B of about 12 months
* Down moves so much quicker than the up moves
* Distribution occurring through this period
* Ultimate high in April 2022 forming an upthrust after distribution
* Very weak retest to complete Phase C
* Rapid decline in price from $57 to $37 approx in Phase D sell off
* One last rally to $47 approx
* Back up to the creek and upthrust to complete Phase D
* We should now start the Phase E mark down
* P&F target is $10.00 - $21.00
This is my technical analysis of the stock using Wyckoff principles. DYOR before making any trades. This is not financial advice.
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- Is the distribution pattern on JBH now complete?
Is the distribution pattern on JBH now complete?
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Last
$62.98 |
Change
-0.080(0.13%) |
Mkt cap ! $6.885B |
Open | High | Low | Value | Volume |
$63.13 | $63.59 | $62.71 | $12.36M | 195.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 595 | $62.97 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$62.98 | 1 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 823 | 62.960 |
2 | 2937 | 62.910 |
1 | 478 | 62.880 |
1 | 823 | 62.860 |
1 | 1000 | 62.850 |
Price($) | Vol. | No. |
---|---|---|
63.230 | 14 | 1 |
63.280 | 15 | 1 |
63.290 | 823 | 1 |
63.330 | 351 | 1 |
63.340 | 823 | 1 |
Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
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JBH (ASX) Chart |