Pure TA viewpoint here...
The weekly chart (left) shows a 23-month potential complex H&S bottom formation with the neckline at 5.50.
Price is currently retesting a larger resistance (green) zone (based on a number of years of price action not
shown on the above chart) of between circa 5.33 & 5.62.
The daily chart (right) shows a potential H&S Continuation pattern with a down slanting neckline. The target
of the continuation pattern (yet to have a confirmed breakout) is circa 5.76. That would imply a breakout for
the weekly H&S bottom as well, bringing with it a much higher target.
A break below 5.00 would indicate weakness and a return to lower prices.
I will take the above-mentioned trade if the volume supports it with a stop below the green zone.
All IMHO
Good luck
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Last
$4.27 |
Change
0.000(0.00%) |
Mkt cap ! $1.301B |
Open | High | Low | Value | Volume |
$4.28 | $4.28 | $4.23 | $1.000M | 235.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 977 | $4.26 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.27 | 2287 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 788 | 4.250 |
2 | 5794 | 4.240 |
1 | 788 | 4.230 |
2 | 2910 | 4.220 |
1 | 788 | 4.210 |
Price($) | Vol. | No. |
---|---|---|
4.280 | 13256 | 3 |
4.290 | 7788 | 2 |
4.300 | 1788 | 2 |
4.310 | 2468 | 2 |
4.320 | 2508 | 2 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
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