Hi Saragian
I agree with you about a short bounce. One was definitely due after a long long series of red candles on the daily charts. 3.10 was the most obvious support waterline. talk of double bottoms should surface soon.
The Fibs suggest at least a 23% bound to around 3.40 and maybe even up into the range of the 38% Fib at 3.60.
However, I don’t believe in a long rally as the end of FY tax related trading is looming soon.
So a bounce into the end of this week wouldn’t be a surprise at all, as a B-wave bounce. Then next weeks trading will play out, which should not be dull.
As always DYOR.
cheers Lies
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Last
$3.16 |
Change
0.170(5.69%) |
Mkt cap ! $9.515B | |||
| Open | High | Low | Value | Volume |
| $3.10 | $3.20 | $3.05 | $117.6M | 37.50M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 72180 | $3.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.17 | 222212 | 12 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| PLS (ASX) Chart |