2 candles (weeks) on my previous analysis of the Bull Flag on the weekly chart, the flag is yet to be broken and the overall volume trend is still decreasing (also I went from sidelines and into the game). This continuation of the flag led to the mid-target and low-target being shifted down to 0.940 and 0.790 respectively:
However, in the bigger picture on the weekly chart, there's a symmetrical triangle brewing for ~6 months validated by a very evident decreasing volume over the same period. We could see big shifts in SP once a breakout occurs when the coiled momentum releases.
Keep yours eyes on the "lookout for the breakout"
2 candles (weeks) on my previous analysis of the Bull Flag on...
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Last
18.5¢ |
Change
0.015(8.82%) |
Mkt cap ! $362.4M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 18.5¢ | 16.5¢ | $1.123M | 6.408M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 38000 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 775285 | 12 |
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| Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
| BRN (ASX) Chart |