The strong close on Friday was an opportunity for an aggressive entry.
The more conservative entry was today. Today shows a break-away gap on rising volume.
This is why, from a trading perspective, it pays to wait for solid entry opportunities
instead of bottom picking or obsessing with very small time frames.
I am hoping this is forming the head of what might become a H&S bottom, but it
is still quite premature for such a forecast. Only mentioning it so that those who
want to, can keep an eye out for such a possibility. That would require a rise to
0.50 and a small retracement, but just one of many possible scenarios.
The stop on the majority of my BRN position has now been adjusted to just
below the pattern. Let's hope we see a strong close.
GLTA
Trade safe.
The strong close on Friday was an opportunity for an aggressive...
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Last
23.0¢ |
Change
-0.005(2.13%) |
Mkt cap ! $456.2M | |||
| Open | High | Low | Value | Volume |
| 24.0¢ | 24.5¢ | 22.5¢ | $2.737M | 11.60M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 684177 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 446063 | 25 |
View Market Depth
| Last trade - 12.30pm 01/10/2024 (20 minute delay) ? |
| BRN (ASX) Chart |