Hi Rexsh
Had a look back at the charts and it looks like this is the highest price that STX has traded for nearly six years.
If true, that is significant resistance and would seem the only way to punch through this is the beginning of testing and early positive signs.
Today's announcement was very thorough and plenty of granularity for the technically minded. It's really positive to see the tell it as it is approach, following by summary commentary that is highly positive. The latter wouldn't be said unless there was strong internal confidence.
That said, there is always the possibility of unknowns, which will only be eliminated from actual testing and history matching. This, together with the historical SP resistance points on the chart would seem natural handbrakes but hopefully temporary.
Looking forward to the couple of months. We are all eager!!
Cheers
Adaltiora
Hi Rexsh Had a look back at the charts and it looks like this is...
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Last
28.0¢ |
Change
0.030(12.0%) |
Mkt cap ! $801.0M | |||
| Open | High | Low | Value | Volume |
| 24.5¢ | 28.3¢ | 24.5¢ | $7.221M | 26.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 293004 | 27.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 820079 | 16 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| STX (ASX) Chart |