I am surprised that so called chart pattern signal providers are so naive to jump onto the bottom/top pickers with such a small pin bar in the midst of the bear bars falling! No doubt [email protected] level is a strong weekly support but the momentum has shifted to the down side. I have no idea if this stock can be shorted but if so I suspect that is the short covering area to form that pin pattern.
Take a look at NST 3 days ago in an uptrend forming the same type of pin bar that got ran over. Good luck to those short term falling knives catchers, you gonna need it with the IO prices seemingly in free fall.
Confidence Badly Shaken, page-30
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Last
22.0¢ |
Change
-0.005(2.22%) |
Mkt cap ! $634.5M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 23.0¢ | 22.0¢ | $1.106M | 4.915M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 176953 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 40304 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| BCI (ASX) Chart |