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.
I would argue the opposite...look at the weekly chart, not the...
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Last
$6.58 |
Change
-0.080(1.20%) |
Mkt cap ! $2.817B | |||
| Open | High | Low | Value | Volume |
| $6.68 | $6.89 | $6.57 | $14.77M | 2.203M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 7689 | $6.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.62 | 2759 | 1 |
View Market Depth
| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| ILU (ASX) Chart |