I don't think h+s have any predictive power. Take one higher high, which you get all the time in an ascending stock, and throw in just one lower high, and you've got a h+s.
I think you've really got to squint and believe in fairies to turn PAR into a H+S right now. But the neckline would be, what, ~2.82? I'd call it off if we break 3.5.
Chart, page-18
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20.0¢ |
Change
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Mkt cap ! $70.04M | |||
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| PAR (ASX) Chart |