If this is indeed following the descending triangle pattern, it's worth noting that the fall below the bottom line is generally equal to the height of the triangle. So this could well fall into the 60's.
When I raised this weeks ago, I was shot down down the NST faithful (to which I belong but I also see the stark truth).
The fundamentals are still strong-ish but not as strong as before which is just adding to this slide.
IMO, the buy orders should come in at high 60's. IMO, they'll be filled in 1-2 weeks.
If there's a chartist who disagrees, I would genuinely appreciate their feedback.
If this is indeed following the descending triangle pattern,...
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Last
$14.56 |
Change
0.120(0.83%) |
Mkt cap ! $16.73B | |||
| Open | High | Low | Value | Volume |
| $14.60 | $14.68 | $14.54 | $65.27M | 4.473M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1535 | $14.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.57 | 836 | 1 |
View Market Depth
| Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
| NST (ASX) Chart |