Cup and Handles are a bullish continuation pattern, not a bottoming pattern.
Technically this looks rubbish - it's in a 3 year downtrend. Usually I'd want to see a 6-12 month base before considering buying based off of technicals - however I've taken a punt on this one as I've been watching it for years and feel the fundamentals may have put the low in now.
Ann: Beetaloo Operations Deliver Strong Gas Flow Rates, page-19
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Last
24.5¢ |
Change
-0.015(5.77%) |
Mkt cap ! $249.2M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 26.0¢ | 24.0¢ | $154.3K | 602.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 60242 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 40326 | 2 |
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| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| EEG (ASX) Chart |