The WEEKLY linear regression chart from 15/08/2014, to the 10.5c. sp low on 26/04 /2019, generated an UPPER channel range of 54c..
From 26/04/2019 forward, KEY, up side TP's/RESISTANCE tests are forward looking (extrapolated), PREDICTIVE in nature, and will be (generally) MULTIPLES of that 54c. range, including range mid points.
There have been 3 SIMILTANEOUS (technical) break outs on this WEEKLY chart ......TREND line @ 49c.......HORIZONTAL @ 52c........and HORIZONTAL @ 65.5c.
The CLOSE today @ 66.5c. was subtle, but not insignificant.
The next MAJOR TP/RESISTANCE test is @ 79c. (IMO).
Cheers.......and keeping in mind, when key horizontal support/resistance levels are being tested, the closing price is the one that matters.
OCC chart, page-2097
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Last
66.5¢ |
Change
0.115(20.9%) |
Mkt cap ! $139.3M | |||
| Open | High | Low | Value | Volume |
| 56.5¢ | 68.0¢ | 56.5¢ | $2.002M | 3.169M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9999 | 66.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 67.0¢ | 10000 | 1 |
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| Last trade - 16.10pm 10/10/2024 (20 minute delay) ? |
| OCC (ASX) Chart |