Apologies for the delayed reply, I did not notice the tag amongst all the notifications.
A few days back I adjust the way I had drawn the Symmetrical Triangle which lifted to
target measured target to 0.315. The "Flag" formed into more of a rectangle continuation
with the same target.
Price overshot the target yesterday but closed on the mark and was a place to consider
taking at least some profit. A close closer to the top of the range of yesterday's candle would
have bode botter for more imminent bullishness but closing above the halfway mark is
good and had it failed to do so, would have taken more profit.
That level is also the upper boundary of a 3.3 year possible Rectangle Bottom
(weekly chart) and it needs to break that level decisively, which is now beginning to look
like a possibility. It would carry a measured target of circa 0.610 and I am leaving it some
room for a shot at that breakout, as long as the price holds above 0.25. A break out without
some retracement first would be quite a bit to ask for without some special catalyst.
Money flow indicators have been rising with the ascent of price so volume is supporting.
All the best, and GLTA
- Forums
- ASX - By Stock
- Chart
Apologies for the delayed reply, I did not notice the tag...
-
- There are more pages in this discussion • 40 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DEM (ASX) to my watchlist
|
|||||
Last
11.5¢ |
Change
0.010(9.52%) |
Mkt cap ! $32.44M |
Open | High | Low | Value | Volume |
11.5¢ | 12.0¢ | 11.0¢ | $45.20K | 394.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 210138 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.0¢ | 33446 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 26974 | 0.110 |
1 | 282164 | 0.105 |
6 | 137839 | 0.100 |
1 | 30303 | 0.099 |
2 | 110000 | 0.098 |
Price($) | Vol. | No. |
---|---|---|
0.120 | 33446 | 3 |
0.130 | 56249 | 2 |
0.135 | 86714 | 2 |
0.140 | 25874 | 2 |
0.145 | 112500 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
Featured News
DEM (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online