I don't believe it's guesswork but I think errors occur, same as in FA. It's also about the experience of the technical analyst. For me where I fail is where there is a new pattern. If a pattern has already occurred on another stock then the share price pretty much copies and pastes.
Yes the channel is in play but I also agreed that there was a small rise. It's the current intersection where I disagree that the share price will continue to rise. I guess it's just a matter of watching the share price and seeing what happens.
I don't believe it's guesswork but I think errors occur, same as...
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Last
12.5¢ |
Change
0.015(13.6%) |
Mkt cap ! $161.0M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 12.5¢ | 11.3¢ | $234.9K | 1.963M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 286458 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 938553 | 11 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
12.5¢ |
Change
0.015 ( 13.6 %) |
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| Open | High | Low | Volume | ||
| 11.3¢ | 12.5¢ | 11.0¢ | 1221669 | ||
| Last updated 15.53pm 03/05/2024 ? | |||||
| ASN (ASX) Chart |