Yep, you're right Kardemir, my chart was a Weekly Chart. I still don't see this as being a C&H pattern though. C&H is generally seen as being a continuation pattern. There isn't any trend to continue, price action is sideways. The cup is over 4 years wide (according to Bulkowski the Cup should be from 7 to 65 weeks in duration), and there isn't a handle. I think that only speculation will drive this stocks share price higher, not a technical chart pattern.
ARL chart, page-3303
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Last
59.5¢ |
Change
-0.015(2.46%) |
Mkt cap ! $118.7M | |||
| Open | High | Low | Value | Volume |
| 61.0¢ | 61.0¢ | 59.5¢ | $25.21K | 42K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 30564 | 59.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 60.5¢ | 10207 | 3 |
View Market Depth
| Last trade - 14.28pm 28/05/2024 (20 minute delay) ? |
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Last
61.0¢ |
Change
-0.015 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 59.5¢ | 61.0¢ | 59.5¢ | 10108 | ||
| Last updated 13.36pm 28/05/2024 ? | |||||
| ARL (ASX) Chart |