I keep my TA simple, price and volume, support and resistance, trend lines etc. Where you've shown the chart making a higher high is where the price has rejected the new resistance level, to me that's not a positive signal. The increased volume on the breakdown is generally a bearish signal although given it didn't immediately follow through, the chance it was a shakeout is increased, however the stock didn't immediately bounce back either, it slowly moved back up on low volume to retest the new resistance. All signs of a stock setting up a move lower imo.
Anyway, I'll sit out and watch and we'll see where Mr. Market takes it
New TA/Charting, page-1170
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Last
67.0¢ |
Change
-0.045(6.29%) |
Mkt cap ! $1.624B | |||
| Open | High | Low | Value | Volume |
| 70.0¢ | 71.0¢ | 67.0¢ | $10.52M | 15.42M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 385809 | 66.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 67.5¢ | 116000 | 4 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| LTR (ASX) Chart |