Daily chart shows SLX retesting its 50-day SMA, and of more relevance to me,
a somewhat complex inverted H&S.
Attempted a break early in the day today but volume did not seem to confirm
(even by now, it has not surpassed its 30-day average volume).
and it has fizzled out. I will look for an entry if it pushes again with some
volume behind it. The measured target for the pattern is circa 3.71 and I would
place a stop-loss below the 50 SMA. This would give a roughly 1:2 risk-reward
ration, depending on the timing of the entry.
A break of the low of the right-shoulder (2.73) would constitute a H&S Failure and
would imply further downside.
All in IMHO.
GLTA
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Last
$6.38 |
Change
0.130(2.08%) |
Mkt cap ! $1.510B |
Open | High | Low | Value | Volume |
$6.40 | $6.56 | $6.37 | $4.381M | 678.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1499 | $6.38 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.48 | 1801 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1499 | 6.380 |
1 | 1792 | 6.370 |
2 | 2046 | 6.360 |
1 | 1801 | 6.350 |
1 | 1801 | 6.330 |
Price($) | Vol. | No. |
---|---|---|
6.480 | 1801 | 1 |
6.490 | 1801 | 1 |
6.500 | 3801 | 3 |
6.520 | 1801 | 1 |
6.530 | 1801 | 1 |
Last trade - 16.10pm 15/05/2024 (20 minute delay) ? |
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|||||
Last
$6.38 |
  |
Change
0.130 ( 2.43 %) |
|||
Open | High | Low | Volume | ||
$6.45 | $6.55 | $6.37 | 88955 | ||
Last updated 15.59pm 15/05/2024 ? |
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