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
Daily chart shows SLX retesting its 50-day SMA, and of more...
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Last
$5.87 |
Change
-0.260(4.24%) |
Mkt cap ! $1.390B | |||
| Open | High | Low | Value | Volume |
| $6.19 | $6.19 | $5.82 | $2.322M | 391.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1988 | $5.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.89 | 1693 | 1 |
View Market Depth
| Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
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Last
$5.85 |
Change
-0.260 ( 4.41 %) |
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| Open | High | Low | Volume | ||
| $6.16 | $6.16 | $5.82 | 58426 | ||
| Last updated 15.59pm 04/06/2024 ? | |||||
| SLX (ASX) Chart |