I hope U read the info re ISLAND REVERSALS and breakaway gaps.
Wrote abt that how it happened on 27/11/15.
May never B filled. that is what an island reversal is and a breakaway gap.
Push and pull between bears and bulls continuing. looks like bottoming up in 100 area. resistance 105-06.
This is all intraday chart.
A close above 105 will mean that attempts to sell it down failed. 100 area strong.
Will make bears restless. few more days price action above 100 and we see GIG of bears over.
Sorry shorts .
Looks like they have 2 choices in coming days.
Let their profits decrease
or quickly cover.
Reason.
with every passing day possibility of a positive news flow increases.
Increases confidence of old bulls and encourages new bulls to come in.
And lots more.
DYOR as ususal. and take UR own decision not because some one like me writes few lines here.
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Last
$52.70 |
Change
0.250(0.48%) |
Mkt cap ! $21.44B | |||
| Open | High | Low | Value | Volume |
| $52.45 | $53.11 | $52.30 | $13.13M | 249.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 636 | $52.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $53.03 | 1390 | 2 |
View Market Depth
| Last trade - 16.10pm 23/07/2025 (20 minute delay) ? |
| SGH (ASX) Chart |