Don't despair BNPL will survive and thrive, page-46

  1. 4,676 Posts.
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    smile.pngHey Boss,

    I've been looking (learning) into the price volume resistance stuff you and GF were saying and yes you are correct. Major price resistance at $3+. Given It has recently hit $3 twice in a wee and currently back at $2.91 and seems likely to test $2.78-80 again a which point it could bounce up, but recent history suggests that it might go further down till it reaches its real support. A sensible trader may wish to sell at these points, and buy back in at the support and swing it again. I accept all that, I'm just hanging around at this price level because i want to test a potential scenario that may playout (however unlikely it might be). So im like only a 20% in the green right, and happy expend some of that to "take a punt" on that potential scenario. Given i have taken on board the popular T.A put forward by you and @goodfella, the risk/reward scenario, would my decision be considered within the "scope" of trading OR am I being delusional, wreck less, grandiose? Just looking for some genuine feedback so have at it.


    Below is a 1 hour chart, and yes the volume is definitely not on my side, but if volume was not an issue would this chart ordinarily suggest that EML is at a "Make or Break" juncture. This is not a EML specific question, but more if i am reading the chart correctly. Thanking you both in advance
    https://hotcopper.com.au/data/attachments/4231/4231606-58796787213e9738110993fcbd2d5ed5.jpg


 
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(20min delay)
Last
$3.06
Change
0.005(0.16%)
Mkt cap ! $3.890B
Open High Low Value Volume
$3.04 $3.06 $2.96 $12.62M 4.176M

Buyers (Bids)

No. Vol. Price($)
32 46492 $3.05
 

Sellers (Offers)

Price($) Vol. No.
$3.06 171739 35
View Market Depth
Last trade - 13.08pm 07/07/2025 (20 minute delay) ?
ZIP (ASX) Chart
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