The chart also makes me a little nervous - and it confirmed my decision to sell out this morning.
BKY traded in a fairly neat uptrend channel (on a log scale chart) up from the lows in 2015. But it failed to make a new high on the last upswing within this channel (in late 2017) and has since broken out of the channel - to the downside.
I'm not saying the chart is screaming 'sell!'. It's not - not yet anyway. But it's signalling to me there's more downside risk than there was at the start of 2018 when BKY was still trading within the uptrend channel.
Like PaleoBro I'll sit on the sidelines and watch for a while.
The chart also makes me a little nervous - and it confirmed my...
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Last
30.5¢ |
Change
-0.010(3.17%) |
Mkt cap ! $135.9M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 30.5¢ | 30.5¢ | $16.00K | 52.48K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4000 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 2813 | 1 |
View Market Depth
| Last trade - 15.07pm 05/08/2024 (20 minute delay) ? |
| BKY (ASX) Chart |