If we hold here it is mega bullish. 1.03 is a 38% retrace of the rise from 80 to 117. Yesterdays low at 98.5 was the 50%.
Usually if the 38% retrace holds, you can expect a retest of the top, and conversely, if it is the 50% that holds you look for a bounce to the 23.6% which is at 1.09.
Either way this is a profit taking correction on a rising market.
Of course new news can fundamentally change things.
Just sharing my technicals. Don't shoot the messager!
chart request for aut correction, page-9
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Last
83.8¢ |
Change
-0.003(0.30%) |
Mkt cap ! $401.3M | |||
| Open | High | Low | Value | Volume |
| 80.0¢ | 84.0¢ | 79.8¢ | $2.044M | 2.506M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 12790 | 83.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 84.0¢ | 161834 | 17 |
View Market Depth
| Last trade - 15.35pm 29/07/2024 (20 minute delay) ? |
| FFM (ASX) Chart |