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
$21.19 |
Change
0.490(2.37%) |
Mkt cap ! $9.297B |
Open | High | Low | Value | Volume |
$20.87 | $21.24 | $20.74 | $28.34M | 1.349M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4608 | $21.18 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$21.20 | 98 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4608 | 21.180 |
1 | 359 | 21.150 |
1 | 3480 | 21.120 |
2 | 12890 | 21.100 |
1 | 1445 | 21.090 |
Price($) | Vol. | No. |
---|---|---|
21.240 | 1979 | 1 |
21.260 | 4238 | 3 |
21.270 | 514 | 1 |
21.300 | 3680 | 2 |
21.380 | 6000 | 3 |
Last trade - 16.10pm 28/10/2024 (20 minute delay) ? |
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BSL (ASX) Chart |