Interesting series of patterns on RSG since the formation of the H&S top formed July-Sep 2019
(not shown on chart). It subsequently formed a bearish Continuation H&S at the target level
and proceeded to it's low in mid-March this year.
It has since formed and broken out from what can be viewed as either a H&S bottom or an
Ascending Triangle (if you do not like the asymmetrical look of the H&S).
The breakout on 14 May was stopped short and has formed a bullish Continuation H&S
with a breakout last Wednesday (July 1st).
The subsequent retest of the neckline slightly penetrated it, but not enough to hit a
properly placed stop.
I did not see or take that trade (& probably would not have) but I have taken an entry
this morning with a tight stop placed below the swing low, (one of the advantages trading a retest).
Will see how it behaves and will likely cut it if it mucks around for too long, but
worth a shot IMHO.
Dotted blue lines are the measured targets, the higher being that of the H&S/Ascending
Triangle and the lower that of the Continuation H&S.
GLTA
CONTINUATION H&S
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Last
61.0¢ |
Change
-0.005(0.81%) |
Mkt cap ! $1.298B |
Open | High | Low | Value | Volume |
61.0¢ | 62.0¢ | 60.5¢ | $4.257M | 6.968M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 175546 | 60.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
61.0¢ | 7201 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 64846 | 0.605 |
13 | 1110291 | 0.600 |
3 | 34871 | 0.595 |
3 | 45846 | 0.590 |
3 | 53376 | 0.585 |
Price($) | Vol. | No. |
---|---|---|
0.615 | 28242 | 2 |
0.620 | 26242 | 1 |
0.625 | 24829 | 1 |
0.630 | 117829 | 2 |
0.635 | 74829 | 2 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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