So the chart above ended in October and the lower channel line has since already descended past .6, (seeing as we're now mid Nov) wouldn't the call now be lower than .6? or was .6 and arbitrary call that if the downtrend continues it would have to hit it at some point?
In which case why not call the upper trend line as well, as surely it would be just as likely to be anywhere else within the channel range?
or is there a horizontal line that has trumped it for importance?
nice big bite, page-17
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35.5¢ |
Change
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Mkt cap ! $515.6M | |||
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
|---|---|---|
| 36.0¢ | 133736 | 5 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| IMM (ASX) Chart |