I have a bit of luck paying attention to the Fibonacci pattern of a shareprice, favouring technical analysis over fundamentals that often seems caught up in emotion unlike technical analysis which is just about mathematical patterns.
SHV currently has a significant price point at $7.66. It has been flirting around this for a couple of months appearing to be a resistance level. Now it has dropped 10%.
I would hold off buying unless it reaches around $6.40. Then buy and aim to sell for $1 higher on the rebound.
Trade shares; don't marry them.
shv chart, page-224
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Last
$4.16 |
Change
-0.050(1.19%) |
Mkt cap ! $507.2M | |||
| Open | High | Low | Value | Volume |
| $4.21 | $4.21 | $4.14 | $50.75K | 12.15K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 2303 | $4.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.16 | 1011 | 8 |
View Market Depth
| Last trade - 12.05pm 16/08/2024 (20 minute delay) ? |
| SHV (ASX) Chart |