Courtesy of Bell Direct 29 Dec 2022
Strike Energy Ltd forms bullish"Continuation Wedge" chart pattern
Dec 29, 2022TradingCentral has detected a "Continuation Wedge (Bullish)" chart patternformed on Strike Energy Ltd (STX:ASX). This bullish signal indicates that thestock price may rise from the close of 0.32 to the rangeof 0.38 - 0.40. The pattern formed over 15 days which is roughlythe period of time in which the target price range may be achieved, accordingto standard principles of technical analysis.
Tells Me:After a temporary interruption, the prior uptrend is set to continue.
A ContinuationWedge (Bullish) represents a temporary interruption to an uptrend, taking theshape of two converging trendlines both slanted downward against the trend.During this time the bears attempt to win over the bulls, but in the end thebulls triumph as the break above the upper trendline signals a continuation ofthe prior uptrend.
This bullishpattern can be seen on the following chart and was detected by Trading Centralproprietary pattern recognition technology.
Ann: Erregulla Domestic Gas Strategy Update, page-113
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Last
21.0¢ |
Change
0.005(2.44%) |
Mkt cap ! $587.4M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 21.0¢ | 20.0¢ | $852.8K | 4.164M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 40 | 548083 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 1040553 | 24 |
View Market Depth
| Last trade - 11.32am 18/09/2024 (20 minute delay) ? |
| STX (ASX) Chart |