The bottom chart is a Point and Figure (PnF) chart it uses common stock price connections only and is not influenced by Time.....This can be a great help in eliminating chart chatter...and makes patterns easier to read...
the recent drop from 8.5 shows a clear neckline and current head formation...this is the start of a possible bullish Inverted head and shoulder retrace pattern..The other time price charts show it but much more convoluted with time chatter...see what you think ??
The bottom chart is a Point and Figure (PnF) chart it uses...
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Last
46.5¢ |
Change
-0.015(3.13%) |
Mkt cap ! $42.97M | |||
| Open | High | Low | Value | Volume |
| 46.5¢ | 46.5¢ | 46.5¢ | $3.174K | 6.826K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 53774 | 46.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.0¢ | 2400 | 1 |
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| Last trade - 15.59pm 01/10/2024 (20 minute delay) ? |
| FAR (ASX) Chart |