Blacks, what do you think of this stock?
If you saw this chart, would you go long????
M style double top in formation...No supporting volume as it tries to take out its highs. big volumes as she falls. Looks like classic distribution.
I don't think any trader would go long at this time...not until she takes out her top on volume. In fact, you kinda get a sense that she might roll over to complete her M-top.
In fact, I'd be looking to short this stock in the next week.
Hmmm...what is this stock???
lol...
bearish chart for blacks
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Last
21.0¢ |
Change
-0.005(2.33%) |
Mkt cap ! $171.7M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 22.0¢ | 21.0¢ | $404.5K | 1.895M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 326413 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 174826 | 7 |
View Market Depth
| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| SBM (ASX) Chart |