What makes you say "... breakout we needed"? That is a very misguided statement.
Based on the daily charts I doubt a breakout will occur this week let alone today. Rather, we'll continue to see a steady base build whilst honouring the upward trend channel that has now formed. Such a development will be much more beneficial to longer term share prosperity than short term breakouts.
Daily share price still sits below the 10MA and MACD remains below the signal line. These are the times to accumulate and build your position for the longer term fundamentals and technical to play out.
JAT chart (Only), page-169
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Last
71.0¢ |
Change
0.050(7.58%) |
Mkt cap ! $59.11M | |||
| Open | High | Low | Value | Volume |
| 66.0¢ | 71.0¢ | 66.0¢ | $126.3K | 180.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 35811 | 70.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 72.0¢ | 15000 | 1 |
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| Last trade - 15.52pm 13/09/2024 (20 minute delay) ? |
| JAT (ASX) Chart |