Here is my interpretation of todays action, seems pennants and flags are very prevalent at the moment, not just in AZK but elsewhere, I think it has some relationship to the current market psychology, especially in the spec end.
Not much to say about today, profit takers and stop losses were in full force. Will it recover, probably yes, but not any time soon, probably mid next week would be the first glimmer of a reversal. The closer we get to the low 20's the more of a magnet the gap at 14c becomes, if we've already fallen this far, what's another few pips to close the gap and put everyone at ease.
The exit signal was yesterday so no point trying to find one today as basically the lower it went the more longer you should have been out already.
Unfortunately, now there are a lot of trapped bulls at higher prices which will male the recovery more difficult and slower.
Announcement and Milestones will be the catalyst.
![]()
- Forums
- ASX - By Stock
- A lesson in charting
Here is my interpretation of todays action, seems pennants and...
Featured News
Add BRN (ASX) to my watchlist
|
|||||
Last
20.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $371.1M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 22.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.5¢ | 125000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 0.225 |
1 | 4545 | 0.220 |
1 | 7112 | 0.215 |
1 | 1 | 0.210 |
1 | 43 | 0.205 |
Price($) | Vol. | No. |
---|---|---|
0.175 | 125000 | 1 |
0.180 | 75000 | 1 |
0.190 | 5497 | 2 |
0.195 | 150000 | 3 |
0.200 | 241554 | 6 |
Last trade - 16.16pm 23/07/2024 (20 minute delay) ? |
Featured News
BRN (ASX) Chart |
Day chart unavailable
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
Previous Video
Next Video
SPONSORED BY The Market Online