The HOURLY LR chart from the $25.95c. sp high on 22/12/23, to the $18.16c. sp low on 28/02/24, generated an UPPER CHANNEL RANGE of $1.45c....... and a LOWER CHANNEL RANGE of $2.90c.
The subsequent up side break above $22.40c. was fleeting.......so the focus will be on the potential down side repeating price patterns.
From 28/02/24 onward, key down side TP's/SUPPORT tests are forward looking (extrapolated), PREDICTIVE in nature, and will be (generally) MULTIPLES of that $2.90c. range.....including range mid points........and the levels at which have been hailed as 'double bottoms' (3-6 ) depending on one's confirmation bias.
Is 'the bottom' in??........who knows.......but the close @ $12.26c., on 28/03, was as subtle as a sledge hammer.
Cheers......and keeping in mind , when key horizontal support/resistance levels are being tested, the CLOSING price is the one that matters.
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Last
$13.60 |
Change
1.060(8.45%) |
Mkt cap ! $1.559B | |||
| Open | High | Low | Value | Volume |
| $12.96 | $13.65 | $12.91 | $2.643M | 198.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 451 | $13.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.61 | 375 | 2 |
View Market Depth
| Last trade - 10.16am 26/06/2025 (20 minute delay) ? |
| NEU (ASX) Chart |