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$4.40 boss energy ltd

closed on its weekly bottom and double bottom from 29th Jan. it...

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JoeSalami

2,140 Posts.

382

16/02/24

17:36

Post #: 72450080
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Originally posted by JoeSalami: ↑

Nice post Paydirt. Certainly looks like a reasonable thesis at least on a daily time frame.

Here's the Cameco (market leader) weekly technical position. I'm watching it as part of a holistic view of the market which includes BOE, etc.
Hasn't traded through the last swing bottom and old top support zone.
Above 382 of the range, showing intermediate strength.
Fell through the weekly uptrend for the first time since May '23 after a triple top rejection. Potential warning sign. Watch for it to trade up to the trend line and get rejected. If it trades through on volume, then the Bull continues.
If support fails, major support at $36 at the 50% price range and 50 week MA. 200 daily MA sits at $37.71. 36 is above 35 Oct '23 bottom and adds the the major support thesis.
RSI trending down toward the Bullish Support line. Watch for sync with above.
One final thing to watch out for on the monthly chart is a major outside reversal candle. If she closes below 41.17 for the month, then that will represent a major warning at least the market leader will be going much lower.

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closed on its weekly bottom and double bottom from 29th Jan. it will be interesting to see what Cameco does tonight and close below support.
BOE Price at posting: $5.16 Sentiment: None Disclosure: Not Held
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(20min delay)
Last $4.40		Change -0.145(3.19%)		Mkt cap ! $1.797B

Open	High	Low	Value	Volume
$4.49	$4.49	$4.33	$13.57M	3.091M

Buyers (Bids)

No.	Vol.	Price($)
21	12249	$4.39

Sellers (Offers)

Price($)	Vol.	No.
$4.40	26088	43

View Market Depth

No.	Vol.	Price($)
25	37442	4.390
24	48963	4.380
20	45173	4.370
19	135143	4.360
14	28194	4.350

Price($)	Vol.	No.
4.400	28966	38
4.410	37970	29
4.420	56443	28
4.430	41274	14
4.440	113816	11

Last trade - 13.09pm 05/06/2024 (20 minute delay)


Last $4.40			Change -0.145 ( 2.95 %)
Open	High		Low	Volume
$4.47	$4.48		$4.33	530444
Last updated 13.27pm 05/06/2024 ?

BOE (ASX) Chart

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