Break outs categorised by two things
1. big increase in volume - tick
2. Break out from previous resistance / little tick
if it can move and close above 14 we are in break out territory with upside until next resistance which is in 20s
interestingly flattening ( reducing ) backwardation of futures curve may prompt some analysis to increase their oil price assumptions which sit at 85-95 for most analysts. Add the higher assumed AUD on most analysts projections , and Brent projections are about 25-30 aud lower per barrel than reality, which is a big difference for HZN given medium term production profile
Break out underway ?
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Last
17.0¢ |
Change
-0.005(2.86%) |
Mkt cap ! $275.1M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 17.5¢ | 16.5¢ | $562.0K | 3.319M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 959980 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 586733 | 2 |
View Market Depth
| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
16.8¢ |
Change
-0.005 ( 4.29 %) |
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| Open | High | Low | Volume | ||
| 17.5¢ | 17.5¢ | 16.5¢ | 2366930 | ||
| Last updated 15.59pm 31/05/2024 ? | |||||
| HZN (ASX) Chart |