I've been on a holiday after apparently being crude on the cok thread which I found difficult to understand!
Anyway, the flag formation which has a flat top as opposed to a pennant is coming along nicely. Unlike a pennant, flags are more likely to break to the upside, and as we reach the pointy und of the flag, notice the tight trading range.
This pattern can still go on a bit longer, but the coil becomes tighter.
There is obviously apprehension as to how many new shares will come on the market, but if they prove to not be interested in selling for only a small profit, pressure for a move up will be intense.
imminent news, page-10
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Last
$1.21 |
Change
-0.100(7.66%) |
Mkt cap ! $733.1M | |||
| Open | High | Low | Value | Volume |
| $1.28 | $1.28 | $1.20 | $862.1K | 694.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 31317 | $1.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.21 | 6831 | 4 |
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| Last trade - 10.30am 07/11/2024 (20 minute delay) ? |
| FFM (ASX) Chart |