NHC 1.18% $5.13 new hope corporation limited

OK, so if we zoom out, I've drawn a long term trend line to...

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    OK, so if we zoom out, I've drawn a long term trend line to indicate areas of support and resistance. The macro shows a double bottom of which I extended a line from the bottom to the top of the DB to get an idea of a price target for this continuation pattern. We came pretty close in early October. The circle is where we are now, and so the previous chart is just a zoom-in of that area, showing the trend line cutting through around $5.50.

    https://hotcopper.com.au/data/attachments/4942/4942827-513dccc49ac6c3e46c4d18c6b07f9268.jpg

 
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NHC (ASX) Chart
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