Here's an update the monthly charts posted back in June.
At the time it looked like the area of high time frame support would be tested and that played out.
Recent action on the daily has been constructive and could indicate a trend reversal.
Perhaps the most bullish is the relative strength shown against a weaker US market.
First area to reclaim was $2 (also a key psychological level) then the $2.20-$2.25 area is important.
You could make the argument for a double bottom, break of the neckline at $2, push to $2.20 now retesting the neckline.
You want to see continued relative strength, if the US really starts to lose it, it will likely drag it down, otherwise a stabilisation or rebound in the US would be quite bullish for PAR. Today is likely to be a tough day in the market generally so will be interesting to see the volume and demand around $2, hoping for something like the below.
All the best holders,
- Forums
- ASX - By Stock
- PAR
- Chart
Chart, page-2356
-
- There are more pages in this discussion • 1,927 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 PAR (ASX) to my watchlist
|
|||||
Last
25.0¢ |
Change
-0.005(1.96%) |
Mkt cap ! $87.44M |
Open | High | Low | Value | Volume |
25.0¢ | 25.5¢ | 25.0¢ | $13.08K | 51.83K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 133489 | 25.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
26.0¢ | 25012 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 133489 | 0.250 |
8 | 129685 | 0.245 |
9 | 131700 | 0.240 |
5 | 146753 | 0.235 |
6 | 148982 | 0.230 |
Price($) | Vol. | No. |
---|---|---|
0.260 | 25012 | 2 |
0.265 | 49987 | 1 |
0.270 | 10000 | 1 |
0.275 | 6347 | 2 |
0.280 | 59607 | 2 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
Featured News
MND
Albemarle lithium downsize burns $200M hole in Monadelphous's pocket as latter's contracts terminated
AVH
Avita boosts skin restoration product portfolio with 'dermal matrix' – a kind of next-level gauze made of fake skin
PAR (ASX) Chart |