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!
If we hold here it is mega bullish. 1.03 is a 38% retrace of the...
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Last
73.5¢ |
Change
0.010(1.38%) |
Mkt cap ! $353.3M | |||
| Open | High | Low | Value | Volume |
| 74.0¢ | 75.0¢ | 72.0¢ | $1.075M | 1.463M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12602 | 73.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 74.0¢ | 11629 | 2 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| FFM (ASX) Chart |