Cup and Handles are a bullish continuation pattern, not a bottoming pattern.
Technically this looks rubbish - it's in a 3 year downtrend. Usually I'd want to see a 6-12 month base before considering buying based off of technicals - however I've taken a punt on this one as I've been watching it for years and feel the fundamentals may have put the low in now.
Ann: Beetaloo Operations Deliver Strong Gas Flow Rates, page-19
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Last
22.5¢ |
Change
0.010(4.65%) |
Mkt cap ! $228.8M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 23.0¢ | 22.0¢ | $19.37K | 87.29K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 29689 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 30000 | 1 |
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| Last trade - 15.36pm 26/09/2024 (20 minute delay) ? |
| EEG (ASX) Chart |