It is quite normal after a reverse head and shoulders to retrace to test the neckline (~935c).
Of course the bears might think we are busy forming the right shoulder of a regular head and shoulders (last 3-4 months), which is bearish.
Of course this is all just TA which is just part of the picture.
Reverse head and shoulders (bullish), page-4
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Last
$5.37 |
Change
-0.460(7.89%) |
Mkt cap ! $2.299B | |||
| Open | High | Low | Value | Volume |
| $5.69 | $5.69 | $5.37 | $18.20M | 3.331M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 8387 | $5.37 |
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| Price($) | Vol. | No. |
|---|---|---|
| $5.40 | 3172 | 1 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| ILU (ASX) Chart |