Ok, the inverse HnS can clearly be seen in the line chart below forming in mid March.
Subsequent run should then perhaps not surprise, (although the rapidity/strength of the rise may).
Is it now midway thru forming a standard HnS?
Lower highs every day since $8.20 peak last Wednesday.
Declining volumes every day since then too.
Notwithstanding expected positive news flow , could it be rolling over.
Would appreciate some input from the pros, I am a nuffie at best
CHN chart, page-4984
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Last
$1.21 |
Change
-0.075(5.86%) |
Mkt cap ! $468.7M | |||
| Open | High | Low | Value | Volume |
| $1.26 | $1.27 | $1.21 | $4.118M | 3.342M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 51512 | $1.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.22 | 46358 | 2 |
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| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| CHN (ASX) Chart |