Referring to my earlier post:
Looks like the head H&S is playing out, but not confirmed yet. Anything can happen and markets the last couple of days (and potentially ahead) haven't been kind to any shareholders.
Right shoulder: Appears to have broken the neck line, but not convincing just yet. Long term holders won't be bothered by this, so this is more for traders.
Moving averages: Unfortunately, it has broken both the 50 and 100 MA.
MACD: Looking bearish at the moment.
RSI: Heading into oversold territory, but could linger there for a while.
Stock Stoch: Not looking so bad and since it's an oscillator, could swing upwards any moment
DMI: Bears are in charge (red line above green) and the momentum appears to be increasing in the bearish direction (white line moving up).
I certainly don't wish for any holders to take a loss (paper or realised), so I hope everyone sticks to their disciplined trading or investing strategy.
Bodhi_Trader
Referring to my earlier post: Looks like the head H&S is playing...
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Last
$3.05 |
Change
-0.100(3.17%) |
Mkt cap ! $9.185B | |||
| Open | High | Low | Value | Volume |
| $3.13 | $3.15 | $3.02 | $74.55M | 24.33M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 89482 | $3.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.05 | 37502 | 3 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| PLS (ASX) Chart |