The stock BOE displays a peculiar geometric proportion of a triangle formed by computing the price-time vector by drawing the triangle formed by the peak price of a price range to the bottom of the price range. Whenever the geometric proportion is reached, the downtrend is terminated, and a price rebound or rally begins.
The goemetric proportions for BOE on a squared chart takes the form of 4x4x0.01, 8x8x0.01, 12x12x0.01 or 24x24x0.02 which are easily recognisable. As can be seen from the chart, the moment this price-time vector is achieved, each time the price of BOE has started to rebound or move into uptrend. We have sighted the completion of the price-time vector 24x24x0.02 on Monday. What are the possibilities of a ride soon?
Maths tell a story..
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Last
$3.95 |
Change
-0.220(5.28%) |
Mkt cap ! $1.615B | |||
| Open | High | Low | Value | Volume |
| $4.10 | $4.14 | $3.95 | $12.12M | 3.010M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 19205 | $3.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.96 | 21826 | 5 |
View Market Depth
| Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
| BOE (ASX) Chart |