Fair to say D day is close - will it break above or fold
As per my previous post I am hopefully that this will continue to run however the constant lower highs and lower lows has me thinking this is heading back to $4.20 ( dont shoot me )
The increased shorts as well does not look good either.
5 attempts to break the uptrend as outlined below and what appears to be a retest of the first upward trend line has me cautious.
in addition the upward wedge has been broken twice.
The trade in my opinion is a short with a tight stop just above $5.20
Risk v reward its the trade in my opinion
Fair to say D day is close - will it break above or foldAs per...
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Last
$2.98 |
Change
-0.020(0.67%) |
Mkt cap ! $8.972B | |||
| Open | High | Low | Value | Volume |
| $2.92 | $2.98 | $2.90 | $38.78M | 13.16M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 15056 | $2.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.98 | 89928 | 9 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |