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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Daily chart shows SLX retesting its 50-day SMA, and of more...
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Last
$6.25 |
Change
0.250(4.17%) |
Mkt cap ! $1.480B |
Open | High | Low | Value | Volume |
$5.98 | $6.25 | $5.97 | $4.041M | 658.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 811 | $6.21 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.25 | 720 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 811 | 6.210 |
1 | 1566 | 6.160 |
1 | 1566 | 6.150 |
1 | 1566 | 6.140 |
1 | 1566 | 6.120 |
Price($) | Vol. | No. |
---|---|---|
6.250 | 720 | 2 |
6.260 | 2000 | 1 |
6.270 | 1566 | 1 |
6.280 | 5000 | 1 |
6.290 | 1566 | 1 |
Last trade - 16.10pm 14/05/2024 (20 minute delay) ? |
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Last
$6.22 |
  |
Change
0.250 ( 3.44 %) |
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Open | High | Low | Volume | ||
$6.05 | $6.25 | $6.01 | 197261 | ||
Last updated 15.59pm 14/05/2024 ? |
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