BGA 4.10% $5.33 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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Last
$5.33
Change
0.210(4.10%)
Mkt cap ! $1.625B
Open High Low Value Volume
$5.12 $5.33 $5.08 $4.603M 878.8K

Buyers (Bids)

No. Vol. Price($)
1 1951 $5.29
 

Sellers (Offers)

Price($) Vol. No.
$5.33 15889 5
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Last trade - 16.10pm 07/10/2024 (20 minute delay) ?
BGA (ASX) Chart
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