* Initial peak at the end of 2021
* Sharp retrace (automatic reaction) followed by quick rally into the secondary test
* Sharp fall again on most bearish volume in that period
* Long phase B of about 12 months
* Down moves so much quicker than the up moves
* Distribution occurring through this period
* Ultimate high in April 2022 forming an upthrust after distribution
* Very weak retest to complete Phase C
* Rapid decline in price from $57 to $37 approx in Phase D sell off
* One last rally to $47 approx
* Back up to the creek and upthrust to complete Phase D
* We should now start the Phase E mark down
* P&F target is $10.00 - $21.00
This is my technical analysis of the stock using Wyckoff principles. DYOR before making any trades. This is not financial advice.
Is the distribution pattern on JBH now complete?
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Last
$62.73 |
Change
-1.460(2.27%) |
Mkt cap ! $6.858B | |||
| Open | High | Low | Value | Volume |
| $64.14 | $64.14 | $61.94 | $33.48M | 535.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 159 | $62.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $62.74 | 454 | 1 |
View Market Depth
| Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
| JBH (ASX) Chart |