The rise in BPH like last time in 2021 is all about people predicting a moment in time where the company will get massively derisked.
The chart is suggesting that higher lows are developing and it is only a matter of time for new swing highs will form.
SkyPunter has suggested that the NOPTA decision could even come next week. Yep Albo out of the country, The War in the Middle East and the Melbourne cup are perfect distractions to have PEP11 approval sail through without too much fan fare.
Let's see how it plays out.
GLTAH
BPH Chart Technicals, page-998
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Last
1.3¢ |
Change
-0.001(7.14%) |
Mkt cap ! $15.82M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.3¢ | $7.367K | 566.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 5930690 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 478200 | 4 |
View Market Depth
| Last trade - 12.29pm 12/11/2024 (20 minute delay) ? |
| BPH (ASX) Chart |