Chart update as requested. BEN has bounced off of the downward trend line and is now trading within the channel shown on the chart below. BEN may run into some overhead resistance around the $9.10 mark. I would expect $9 to fall as an even number such as $9, once breached will allow further follow through of price.
The RSI is sitting around 50% atm so no need to worry about that. Plenty of room for share price appreciation. Risks are continual outbursts from the RBA governor relating to inflation and higher interest rates. Its a wonder diamond Jim has not put a gag on her.
The dividends should support the share price and I am happy with my entry at $8.62.
Chart, page-4
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Last
$10.89 |
Change
-0.100(0.91%) |
Mkt cap ! $6.185B | |||
| Open | High | Low | Value | Volume |
| $10.88 | $10.93 | $10.77 | $15.69M | 1.445M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $10.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.89 | 4254 | 1 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$10.88 |
Change
-0.100 ( 0.83 %) |
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| Open | High | Low | Volume | ||
| $10.90 | $10.90 | $10.77 | 389332 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| BEN (ASX) Chart |