Seems abit quiet here in the TA thread.
Chart's looking bullish on a few observations and initiated a long position on 1st May:
1) Complex inverse head and shoulder formed during period of Oct 18 gap down to late Apr 19
2) Breakout of neckline on May 1st @ 1.80
3) Retested neckline @1.80 in the following next week upon breakout
4) High of gap-down broken @1.935 - Price will likely attempt to close the gap created last year
5) Price already above 200 MA, with 50MA and 100MA already trending upwards
Target - $2.20-2.23 area (height of inverse head to neckline), which also coincides with neckline of previous top head and shoulders formed in 2018.
Critiques welcomed. Good luck shorts/longs!
Seems abit quiet here in the TA thread.Chart's looking bullish...
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Last
$1.39 |
Change
0.005(0.36%) |
Mkt cap ! $2.196B | |||
| Open | High | Low | Value | Volume |
| $1.38 | $1.40 | $1.38 | $4.444M | 3.204M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 46849 | $1.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 10977 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| NEC (ASX) Chart |