I would argue the opposite...look at the weekly chart, not the daily - its all but confirmed the head & shoulders reversal.
It will be confirmed if it falls below $9.20. Price target would be around $6.20
More so, if you look at the full timeline of the chart, it's hit a double top at the most recent high - the original top was back in 2010. That makes it a very strong resistance point.
Personally, I would say if you are holding long I would be putting a stop loss on for sure.
My opinion only. This is based on my own research & analysis - do your own to be sure for yourself.
- Forums
- ASX - By Stock
- ILU
- Reverse head and shoulders (bullish)
Reverse head and shoulders (bullish), page-7
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ILU (ASX) to my watchlist
|
|||||
Last
$5.75 |
Change
-0.220(3.69%) |
Mkt cap ! $2.462B |
Open | High | Low | Value | Volume |
$5.85 | $5.94 | $5.75 | $8.769M | 1.511M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 4117 | $5.74 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.77 | 31967 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 4117 | 5.740 |
3 | 24109 | 5.730 |
3 | 12979 | 5.720 |
3 | 13093 | 5.710 |
1 | 178 | 5.610 |
Price($) | Vol. | No. |
---|---|---|
5.770 | 31967 | 2 |
5.790 | 3849 | 2 |
5.800 | 15656 | 3 |
5.810 | 7144 | 1 |
5.820 | 7144 | 1 |
Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
Featured News
ILU (ASX) Chart |