BPT 1.29% $1.58 beach energy limited

looks fine to me, we broke the upper trend support and are...

  1. 2,335 Posts.
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    looks fine to me, we broke the upper trend support and are sitting on the next, volume has been very low and has been decreasing since we broke the first support, so it's not a very convincing move and should probably correct and continue to trade within that channel no worries (not accounting for any move up on FA events of course).

    There is a much longer trend at ~1.5 but I'd be pretty surprised if there prove to be enough people to part with their shares to get us that low right now...

    I'm only a recent BPT holder so already down a few % (Entries were never my thing) but largely unphased by the recent price action, the volume just doesn't stand up to scrutiny.

    RSI is also sitting on 45-48 on all long-term charts, and 35 on the 5 day so starting to look oversold in the short term and neutral mid to long term, certainly wasn't/isn't overcooked.

    All IMO
    bpt.PNG
 
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Last
$1.58
Change
0.020(1.29%)
Mkt cap ! $3.593B
Open High Low Value Volume
$1.58 $1.59 $1.56 $7.607M 4.822M

Buyers (Bids)

No. Vol. Price($)
2 33174 $1.58
 

Sellers (Offers)

Price($) Vol. No.
$1.58 26329 2
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Last trade - 16.10pm 03/05/2024 (20 minute delay) ?
Last
$1.58
  Change
0.020 ( 1.08 %)
Open High Low Volume
$1.57 $1.59 $1.56 1700115
Last updated 15.59pm 03/05/2024 ?
BPT (ASX) Chart
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