22-June-2024 : Keeping It Simple with Price Action & Technical Analysis.
This stock showed up in my screener, and liked the chart and price action.
Putting out my analysis objectively using Point & Figure.
** I do not own this stock, and my analysis may have mistakes and incorrect. So please DYOR and always use a Stop/Loss..
* Using P & F with a box size of 0.15 on a Daily chart.
* The stock has been in a long term uptrend.
* After making a breakout in Oct'2023 ( shown by the long "X" Anchor column), the stock went into consolidation and on 21-Jun-2024, we saw creation of a fresh "X" column signalling a "probable" resumption of its uptrend. This will be confirmed once it does a double top buy around the ORANGE zone immediately above it.
* If it crosses the Orange zone, and remains above the BLUE line, then I am forecasting an immediate price target of around 16, based on the open Anchor Column count. [ If we see behind, then the last target anchor count has already been met ].
22-June-2024 : Keeping It Simple with Price Action & Technical...
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 (20min delay)
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Last
$12.30 |
Change
-0.450(3.53%) |
Mkt cap ! $488.8M | |||
| Open | High | Low | Value | Volume |
| $12.75 | $12.85 | $12.20 | $845.7K | 67.76K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 187 | $12.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.37 | 204 | 1 |
View Market Depth
| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| LYL (ASX) Chart |