The risk to the downside on the 20/9 on the chart posted yesterday morning before markets opened took place with a fall in the price, however for the bulls the chart shows that the upper black line which was placed into the future on the 31/8 when the shares were 18c, held the fall and the price did not penetrate that line. The price closed above the middle bold green line, which can be interpreted as a bullish signal in a mini downswing. I have again drawn the dominant lines in bold as compared to the other lines.
Best wishes
B2
The risk to the downside on the 20/9 on the chart posted...
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Last
21.0¢ |
Change
-0.005(2.33%) |
Mkt cap ! $171.7M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 21.5¢ | 20.8¢ | $404.4K | 1.925M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 448501 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 629727 | 38 |
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| Last trade - 15.21pm 26/07/2024 (20 minute delay) ? |
| SBM (ASX) Chart |