I should have been more specific and said that a retracement to 5.40-5.50 was probable if only to close the gap created on wednesday. I would be quite happy for it to continue upwards but realistically if you look at recent steep rises, Nov 2016, Jan 2017, Mar-Apr 2017 there has been a significant pullback. I would welcome that as it would be a chance to top up. The other thing , which may or may not eventuate is that it looks like a double top may have occurred. Technical traders will know more than me but those factors combined with the relatively low volume today (as at 12.20 pm) might suggest that the buying pressure has eased for the moment. However all this is short term. In the longterm I think GTK will continue to rise in value and I will look to top up on dips as long as it continues trending upwards.
I should have been more specific and said that a retracement to...
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Last
$117.11 |
Change
0.210(0.18%) |
Mkt cap ! $12.34B | |||
| Open | High | Low | Value | Volume |
| $117.50 | $119.09 | $117.00 | $13.13M | 111.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 57 | $117.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $117.12 | 61 | 7 |
View Market Depth
| Last trade - 15.18pm 20/05/2024 (20 minute delay) ? |
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Last
$116.82 |
Change
0.210 ( 0.43 %) |
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| Open | High | Low | Volume | ||
| $117.27 | $119.09 | $116.79 | 19447 | ||
| Last updated 15.37pm 20/05/2024 ? | |||||
| PME (ASX) Chart |