There is no extended move / uptrend to the 'left shoulder'. The company gapped down after FDA rejection and large green candle formed when people bought back after the company was oversold. It's not a H&S pattern or a H&S scenario. I don't see a downward channel either. I also think shorter timelines are more often than not misleading and don't use them.
This is just my opinion, I didn't invent technical analysis. I appreciate you sharing your idea and it may play out.
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Last
39.5¢ |
Change
0.010(2.60%) |
Mkt cap ! $714.9M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 40.5¢ | 37.5¢ | $4.833M | 12.29M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 511746 | 39.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.5¢ | 99994 | 1 |
View Market Depth
| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| BOT (ASX) Chart |