The linear regression chart with the 73c. high on 15/09/20 to the 5.2c. low on 30/06/22, generated an up side CHANNEL RANGE of 40.5c. (40.4c. to be exact).
A channel range high of 50c. and low of 9.6c.
From 30/06/22, trend lines and KEY, UP SIDE support/resistance levels are forward looking (extrapolated), PREDICTIVE in nature......and generally MULTIPLES of that 40.5c. range.....including range mid points (rmp).
A subtle, but not insignificant, CLOSE (again) today @ 9.5c.
Consistent CLOSING PRICES above that 9.6c. level would be an indication to expect further up side.....with an (interim) TP of 20c.
Cheers.
[ATTACH] The linear regression chart with the 73c. high on...
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Last
18.0¢ |
Change
-0.005(2.70%) |
Mkt cap ! $68.23M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 19.5¢ | 18.0¢ | $437.5K | 2.361M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 120554 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 18115 | 2 |
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| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| AL3 (ASX) Chart |