Classic bullish pattern here (falling wedge reversal) with multiple confirmation of upper and lower supports. So we are looking for breakout from upper resistance ($1.50) on high volume to confirm the reversal otherwise $1 seems the next support. Note Im no charting expert..think we could be looking at more downward pressure from POO until hopefully something positive comes from the April 17th OPEC meeting.
Thoughts?
Classic bullish pattern here (falling wedge reversal) with...
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Last
$1.81 |
Change
0.060(3.43%) |
Mkt cap ! $1.453B | |||
| Open | High | Low | Value | Volume |
| $1.78 | $1.81 | $1.76 | $8.120M | 4.523M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5782 | $1.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.81 | 204687 | 10 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| KAR (ASX) Chart |