Cannot really classify the rectangle visible as a true rectangle owing to the volume within the pattern not conforming to the general rule.
I also do not classify this as a true double bottom for the same reason, as well the relatively short interval between the bottoms.
Nevertheless, there has been a clear break of the trend line here with a sharp rise in volume (Blackrock buying on the 28th) and a break of resistance today...Recent divergence on the MACD. I took a cautious entry today with a stop below the 5 sma.
I am somewhat more cautious owing to the weekly head & shoulders top (not visible on the above chart) that still has not reached it's measured move. 0.49 & 0.55 (gap) are the significant short term levels to the upside. IMHO.
GLTAH
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Last
78.5¢ |
Change
0.005(0.64%) |
Mkt cap ! $375.0M | |||
| Open | High | Low | Value | Volume |
| 77.0¢ | 79.5¢ | 76.0¢ | $443.0K | 565.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | 77.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 80.0¢ | 112791 | 3 |
View Market Depth
| Last trade - 16.10pm 10/09/2025 (20 minute delay) ? |
| PPS (ASX) Chart |