Going by your logic, the prior big red monthly candle down in the $2 range was also "engulfing" at stages during the month, followed by another red month to breach the support lower - what happened next is history. Imagine selling out at $2.XX when EPS in FY23 is forecasted be $3.XX by many analysts. This price action is also commonly referred to as consolidation before a new leg higher
Good luck.
Caution, share price is too high, page-240
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Last
$7.65 |
Change
0.450(6.25%) |
Mkt cap ! $6.399B | |||
| Open | High | Low | Value | Volume |
| $7.60 | $7.80 | $7.40 | $109.4M | 14.37M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 43827 | $7.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.66 | 1500 | 2 |
View Market Depth
| Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
| WHC (ASX) Chart |