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
$6.12 |
Change
-0.040(0.65%) |
Mkt cap ! $1.449B |
Open | High | Low | Value | Volume |
$6.16 | $6.24 | $6.02 | $3.622M | 589.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 13040 | $6.10 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.12 | 23 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 13040 | 6.100 |
1 | 1658 | 6.040 |
2 | 1658 | 6.030 |
2 | 51629 | 6.020 |
1 | 1658 | 6.010 |
Price($) | Vol. | No. |
---|---|---|
6.120 | 23 | 1 |
6.130 | 636 | 1 |
6.140 | 941 | 1 |
6.150 | 913 | 1 |
6.160 | 945 | 1 |
Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
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|||||
Last
$6.10 |
  |
Change
-0.040 ( 0.60 %) |
|||
Open | High | Low | Volume | ||
$6.16 | $6.24 | $6.02 | 77582 | ||
Last updated 15.59pm 30/05/2024 ? |
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