Whilst would agree there has been a decent trend rev from early '21 and not generally a fan of long term extended (eg W or M) patterns, I still don't ignore as the basic underlying principles to be mindful of can still apply.
There is also a minor supp area left that may become some resist to the right as indicated coupled with the upper trend line as well as poss stale holders higher up the price point to work through into the low $6 area.
Rising and Falling Wedge Chart Patterns: A Trader’s Guide | IG Australia
TLS chart, page-5
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Last
$3.88 |
Change
0.035(0.91%) |
Mkt cap ! $45.00B | |||
| Open | High | Low | Value | Volume |
| $3.88 | $3.90 | $3.86 | $23.21M | 5.980M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 57 | 130023 | $3.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.88 | 408202 | 46 |
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| Last trade - 12.26pm 12/08/2024 (20 minute delay) ? |
| TLS (ASX) Chart |