The first chart is the unchanged uptrend channel, showing a break today to the downside.
However charting trends from time to time warrant finessing as more data points (in this case daily bars) become available. The chart below shows slight adjustment to the uptrend channel, a better fit having more or closer interceptions with the daily bars … today’s close is still within the adjusted uptrend channel.
If the adjusted channel breaks to the downside the next formation of significance would likely be a potential double bottom at or just above $21.00. A double bottom, if it occurs would suggest a solid rise.
I am just sharing basic trends I see that often help to cut through the daily bar noise.
Dex
FMG Technical Analysis, page-11366
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Last
$18.29 |
Change
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Mkt cap ! $56.31B | |||
| Open | High | Low | Value | Volume |
| $18.14 | $18.38 | $18.02 | $164.0M | 9.002M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10275 | $18.26 |
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| Price($) | Vol. | No. |
|---|---|---|
| $18.30 | 2897 | 2 |
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| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
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