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
$5.75 |
Change
-0.125(2.13%) |
Mkt cap ! $1.373B |
Open | High | Low | Value | Volume |
$5.83 | $5.95 | $5.73 | $1.923M | 333.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 1681 | $5.74 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.75 | 1636 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 2330 | 5.740 |
10 | 2538 | 5.730 |
14 | 9671 | 5.720 |
6 | 3890 | 5.710 |
9 | 10400 | 5.700 |
Price($) | Vol. | No. |
---|---|---|
5.750 | 1972 | 7 |
5.760 | 2827 | 15 |
5.770 | 8924 | 11 |
5.780 | 2418 | 9 |
5.790 | 6415 | 7 |
Last trade - 12.25pm 05/06/2024 (20 minute delay) ? |
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Last
$5.71 |
  |
Change
-0.125 ( 2.07 %) |
|||
Open | High | Low | Volume | ||
$5.95 | $5.95 | $5.71 | 22296 | ||
Last updated 12.45pm 05/06/2024 ? |
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