Liking the looks of SBM for a long trade.
SBM is moving out of a base, pending a break-out upwards.
We have higher swing lows at 0.19 and 0.20, within an ascending triangle configuration.
Also note the bullish low volume pullback on the last two days trading.
See chart below:
Bollinger bands have also swung underneath the SP and pointed upwards. The SP has also been supported mid-band and is above the 50 day SMA (blue).
See chart below:
Anyway, do yourselves a favour and get on this, going for 3 for 3 in "Sizing up a long trade".
Stop below last swing low @ 0.20
sizing up a long trade
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Last
22.5¢ |
Change
0.010(4.65%) |
Mkt cap ! $184.0M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 22.8¢ | 21.5¢ | $345.9K | 1.551M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 360046 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 583203 | 40 |
View Market Depth
| Last trade - 13.59pm 23/07/2024 (20 minute delay) ? |
| SBM (ASX) Chart |