Based on chart,
1. We have been accumulating at the level since Jan 17 till now, about 4 months of ranging $2.70 -$2.90
2. Broke out of the 9 months down trend line(red) since May 16 till Feb 20.
3. After we break out, have been accumulating sideway at $2.80 to $2.90 while NIB rocket up and break highs.
4. $2.89 have been a strong resistance line for sometime and last Friday, it break up with volume.
5. The next price resistance should be at $3.00 region and subsequently at $3.26(record high)
6. If bullishness continue, $2.90 will be a good support base, else $2.80 will be the key support.
Inputs and comments welcome. My simple reading based on chart.
Cheers
[IMG] Based on chart, 1. We have been accumulating at the level...
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Last
$5.08 |
Change
0.005(0.10%) |
Mkt cap ! $13.96B | |||
| Open | High | Low | Value | Volume |
| $5.11 | $5.11 | $5.06 | $2.468M | 485.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 59 | 44497 | $5.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.08 | 33201 | 51 |
View Market Depth
| Last trade - 12.36pm 13/08/2025 (20 minute delay) ? |
| MPL (ASX) Chart |