Hi guys
I like the way this stock is trending, I find continuation patterns work well with this sort of upward momentum. The first three continuation patterns in this rally (beginning July 15) have nicely extended 100% of their range, the last one has overshot the 100% extension and is closer to 200% which is great news!
Given how far this stock has come in the past couple of years, I would personally like to see a weekly close above the $13.42 level to confirm continuation, I would only be missing out on 11% which is fine given there is a potential 2R trade proceeding this level. $17 presents the next major hurdle on the upside which is the 100% extension of the current continuation pattern clustering with a strong natural level.
In regards to the length of this pullback- I don't know, depends on the IO price.
Chart - nearly time for BSL to break out of dip?, page-4
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Last
$21.90 |
Change
0.490(2.29%) |
Mkt cap ! $9.616B | |||
| Open | High | Low | Value | Volume |
| $21.78 | $22.00 | $21.69 | $57.67M | 2.631M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2193 | $21.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.91 | 1786 | 2 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| BSL (ASX) Chart |