I get these 'Daily Trading Ideas' emails every day from HSBC. So today they have ARQ as a Bearish trade.This bearish signal indicates that the stock price may fall from the close of0.61to the range of0.50-0.52.
ARQ Group Ltd forms bearish "Downside Breakout" chart pattern
The price broke downward out of a trading range suggesting we're entering a new downtrend. The Downside Breakout represents a trading range in which prices move sideways between two parallel horizontal lines. It's often a pause or congestion area within an existing trend though sometimes the breakout results in a reversal to the prior trend. Either way, a downside breakout through the lower support line signals an end to the consolidation period and the start of a downtrend.
I get these 'Daily Trading Ideas' emails every day from HSBC. So...
-
- There are more pages in this discussion • 68 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add 5GN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
14.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $44.26M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.0¢ | 14.5¢ | $16.38K | 109.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 1394341 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 1853961 | 28 |
View Market Depth
| Last trade - 13.34pm 04/10/2024 (20 minute delay) ? |
| 5GN (ASX) Chart |