T4P that's yet to be confirmed.
As you correctly stated the beginning of the inverse h&s pattern occurs after a downtrend. The formation of the left shoulder in this instance occurs after the sp retraces from: 0.16 to 0.073 (-54.49%). Although it occurred over a relitively short time frame, it's quite a significant retrace! As we all know this end of the market is highly volatile, so while it may not show the classic formation with a protracted down trend as you'd expect in a much larger MC stock, to date it has still followed all the rules.
Confirmation is when/if sp rises above the neckline.
Cheers!
T4P that's yet to be confirmed. As you correctly stated the...
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Last
9.8¢ |
Change
-0.007(6.67%) |
Mkt cap ! $28.54M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.5¢ | 9.5¢ | $370.8K | 3.759M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 51546 | 9.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.8¢ | 173695 | 1 |
View Market Depth
| Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
| RCR (ASX) Chart |