The Nasdaq CAH chart is shot, the US close last night of 11,142 is well below the handle support lines. That's not a good sign unfortunately.
My funky Zip pump and dump chart is also shot, the sell off has caused Zip to fall below the general increasing trend lines - so that's no good too.
The next alternative as mentioned by other posters is a standard H&S chart with a neck line at $5.55, that's the lowest it should reach today, where it closes I'm not too sure. This is a max. decline of 7.3% today.
There will then be resistance at the 200 EMA $5.35 (red line) and then breaking that again it's $5.00 (psychological barrier).
There is much more downside risk than upside. On the sidelines again for the day.
GLTAH
Chart - Z1P, page-897
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Last
$2.87 |
Change
0.010(0.35%) |
Mkt cap ! $3.747B | |||
| Open | High | Low | Value | Volume |
| $2.93 | $2.93 | $2.83 | $24.04M | 8.366M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 42094 | $2.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.88 | 5115 | 2 |
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| Last trade - 16.10pm 17/10/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |