Well well well, this post is going to cheer the bulls up!
Looks like 11 cents long-term support held against all odds. The downtrend line has been negated the past 2 days and we are seeing indicators fire buy signals now. Volume trending way down says our sellers don't want to go lower and see strong fundamentals outweighing the charts. First big resistance at 15 cents.
CME coal futures prices have also broken out of their long-term flag pattern on the charts. This may be short-lived however, as this is a seasonally strong time as China stocks up on the black gold for the coming winter.
(Sentiment changed to short-term buy)
Yeah, Merry Xmas to you too
BRL Chart, page-216
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Last
73.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $139.6M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 845 | 69.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 70.0¢ | 1200 | 1 |
View Market Depth
| Last trade - 16.12pm 08/11/2024 (20 minute delay) ? |
| BRL (ASX) Chart |
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