STX 8.82% 18.5¢ strike energy limited

I'll have a crack Annesaze. From a technical viewpoint, the...

  1. 656 Posts.
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    I'll have a crack Annesaze. From a technical viewpoint, the chart is showing an ascending triangle. This is very bullish. Also, as the volume indicates, a lot more people bought on thursday than those that sold on Friday. However, Fridays candle is what they call a bearish engulfing candle, which is not always a good sign.
    But the "wick" on the bottom shows that people have stopped selling.

    From a factual viewpoint, Fund managers are in evidence (as per the bot trading seen forcing the price down on Friday)(only they can do this) They will wait until there is a nice fat queue of impatient sellers and then strike as only they can. So be prepared for a savage reversal (upwards, on volume)

    At the end of the day though, your guess is as good as mine, Although I haven't sold any, nor do I plan to in the immediate future.
    https://hotcopper.com.au/data/attachments/1792/1792549-8daf2ce28babe19cfdd2a271326734d3.jpg

 
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Last
18.5¢
Change
0.015(8.82%)
Mkt cap ! $530.0M
Open High Low Value Volume
17.0¢ 18.5¢ 17.0¢ $2.155M 12.01M

Buyers (Bids)

No. Vol. Price($)
11 851855 18.0¢
 

Sellers (Offers)

Price($) Vol. No.
18.5¢ 131078 7
View Market Depth
Last trade - 16.10pm 06/09/2024 (20 minute delay) ?
STX (ASX) Chart
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