Just thought I'd drop this here.
Three stages of this breakout is expected.
Break-out 1 occurred when we broke clean through the tunnel (blue and red).
When this happens, break out 2 and 3 must follow.
Numbering on chart only denotes some information that could be derived from price action:
1 - long term downward trendline breached and now turned to support price
2 - long term upward trendline supporting price
3- strong confluence of moving averages supporting the price
4 - upside channel line; potential target area (minimum $11)
Apologies for the wonky numbers. Can't be bothered to change them.
But hope you catch the drift.
[ATTACH] Just thought I'd drop this here. Three stages of this...
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Last
$9.64 |
Change
0.020(0.21%) |
Mkt cap ! $16.60B | |||
| Open | High | Low | Value | Volume |
| $9.62 | $9.66 | $9.58 | $19.13M | 1.987M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 12887 | $9.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.65 | 15283 | 4 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$9.64 |
Change
0.020 ( 0.27 %) |
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| Open | High | Low | Volume | ||
| $9.60 | $9.66 | $9.59 | 630721 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| ORG (ASX) Chart |