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
The Nasdaq CAH chart is shot, the US close last night of 11,142...
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Last
$2.31 |
Change
0.050(2.21%) |
Mkt cap ! $3.015B | |||
| Open | High | Low | Value | Volume |
| $2.33 | $2.41 | $2.30 | $28.87M | 12.29M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 223142 | $2.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.32 | 101520 | 1 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |