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.
[ATTACH] The HOURLY LR chart from the $25.95c. sp high on...
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Last
$12.54 |
Change
0.000(0.00%) |
Mkt cap ! $1.559B | |||
| Open | High | Low | Value | Volume |
| $12.61 | $12.68 | $12.32 | $7.219M | 577.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2968 | $12.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.57 | 540 | 1 |
View Market Depth
| Last trade - 16.16pm 25/06/2025 (20 minute delay) ? |
| NEU (ASX) Chart |