Mate thats what he is saying so it means for a trader it is too risky to buy now. Either as Jaded said look for CONFIRMATION of support at 37.5/38 level (horizontal support and trend line from the 14th April) OR wait until it clears the congestion zone i.e. tweezer top at 43 c so maybe a finish above this.
I am assuming you are an FA person for asking such a question - the TA is not for you as it doesn't apply to non traders. In the world of traders, its all about making money on the swing using trading ranges. So a buy sell or hold or wait are all important.
Chart, page-475
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Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.25M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.1¢ | $1.461K | 125.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 875937 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 1630007 | 7 |
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| Last trade - 15.48pm 08/10/2024 (20 minute delay) ? |
| TON (ASX) Chart |