ANG 0.83% 60.0¢ austin engineering limited

ANG - huge volume, head & shoulders reversal, bottom found?

  1. 672 Posts.
    Hi all,

    Context: Was $6 in 2013, dropped to 10c, never catch a falling knife, but with the RECORD VOLUME, it is very clear interest is back into this stock and there is accumulation happening at these prices. A lower risk trade now, this is the kind of knife I'd like to catch.

    Chart: If you're into patterns, a VERY prominent inverted Head & Shoulders reversal pattern is at play, and with price currently at the neckline, the huge volume is a promising indicator of likely breakout sooner rather than later.

    Depth: Bids to offer ratio 3-4, good liquidity, this is no hidden secret.

    Shorts: No open short interest.
    ANGd.JPG ANGw.JPG
    Thanks all,

    Have a good weekend and GLTA.
 
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Last
60.0¢
Change
-0.005(0.83%)
Mkt cap ! $351.9M
Open High Low Value Volume
60.5¢ 61.5¢ 60.0¢ $1.308M 2.152M

Buyers (Bids)

No. Vol. Price($)
4 72855 60.0¢
 

Sellers (Offers)

Price($) Vol. No.
61.0¢ 56390 2
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Last trade - 16.10pm 11/07/2024 (20 minute delay) ?
ANG (ASX) Chart
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