Hi HS, just making sure I'm seeing what you're seeing.
1. Start of cup
2. End of cup, start of handle
3. Bottom of handle
1. 30Sept (0.061) High
2. 16Nov (0.067) High
3. 24Nov (0.053) Low
[Investopedia]
"As the stock comes up to test the old highs, the stock will incur selling pressure by the people who bought at or near the old high. This selling pressure will make the stock price trade sideways with a tendency towards a downtrend for four days to four weeks... then it takes off."
*IMO* 0.067 is too high in comparison to 0.061 for me to call it a C&H. This being said I haven't had much real market experience charting C&H's. I have charted what I thought were C&H's, only for them to fall through.
You might be right, I just measured depth, and projected from 0.067 which gives a target of 0.105.
What we definitely can agree on is that this thing is going up.
- Forums
- ASX - By Stock
- PEN
- so many had and have it wrong
so many had and have it wrong, page-8
-
-
- There are more pages in this discussion • 15 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 PEN (ASX) to my watchlist
(20min delay)
|
|||||
Last
8.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $283.6M |
Open | High | Low | Value | Volume |
8.9¢ | 8.9¢ | 8.6¢ | $540.4K | 6.137M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 369673 | 8.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.9¢ | 332301 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 369673 | 0.087 |
8 | 394632 | 0.086 |
19 | 1396108 | 0.085 |
10 | 738604 | 0.084 |
1 | 310000 | 0.083 |
Price($) | Vol. | No. |
---|---|---|
0.089 | 332301 | 3 |
0.090 | 191170 | 6 |
0.091 | 171517 | 2 |
0.092 | 196889 | 6 |
0.093 | 723128 | 2 |
Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
Featured News
PEN (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, MD & CEO
Charles Armstrong
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online