The last week's trading action has seen a test of the previous...

  1. 248 Posts.
    lightbulb Created with Sketch. 283
    The last week's trading action has seen a test of the previous double bottom that was formed in July (yellow line).

    With September's action breaking through the line, the last few days haven't been able to break through. The yellow line therefore acts as resistance for the short term.

    The 200-day moving average (purple line) continues to rise gradually.

    https://hotcopper.com.au/data/attachments/1757/1757305-9f3bc0d0fa9286dbc7e680f3900957e8.jpg
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.