The "cup" is a bit too V shaped for my liking - and the handle is a little too deep. It looks like a cup and handle - but not a "classic."
The double bottom has "failed" but you do have a higher low and an ascending triangle wanting to form and perhaps a triple bottom? - if it can make the dotted line that would be a good sign - even better if it broke out. If it fails to make the dotted line that would be a sign of weakness. Interesting to see how how it plays out.
multi year chart update in hurst envelopes, page-8
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Last
0.2¢ |
Change
-0.001(20.0%) |
Mkt cap ! $6.338M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $68.62K | 33.31M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 41 | 36020232 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 43250695 | 24 |
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| Last trade - 13.47pm 09/09/2024 (20 minute delay) ? |
| AVE (ASX) Chart |