BGA 0.69% $4.30 bega cheese limited

Any charts?, page-2

  1. YLJ
    819 Posts.
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    https://hotcopper.com.au/data/attachments/2592/2592971-01525e99e10c5a3105ef35667e37b9ca.jpg

    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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