Hi Michael, our charting friend would have been referring to the plunge on 30 April 2021. On that day the SP fell from $1.62 to $1.27 with over 100m shares traded. That sort of plunge leaves a 'gap' on charts. So chartists talk about filling a gap etc. Chartists can add value to a thread- you just need to work out for yourself how much weight to place on their insights.
We have all probably noted by now that large 'gaps' following a plunge can be rectified by a good announcement. The rally in oil prices may lead to announcements with enhanced and positive numbers and any number of forward looking and bullish statements. Perhaps.
I remember $2. I posted then that I would hold and that I was greedy for more. That gives you an idea of how much weight should be placed on my posts.
IMHO DYOR
- Forums
- ASX - By Stock
- stock price target $1.97
Hi Michael, our charting friend would have been referring to the...
-
-
- There are more pages in this discussion • 267 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 BPT (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.14 |
Change
0.005(0.44%) |
Mkt cap ! $2.589B |
Open | High | Low | Value | Volume |
$1.15 | $1.16 | $1.13 | $8.810M | 7.727M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 46969 | $1.14 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.15 | 82338 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 46969 | 1.135 |
8 | 119559 | 1.130 |
8 | 213054 | 1.125 |
6 | 78877 | 1.120 |
3 | 40596 | 1.115 |
Price($) | Vol. | No. |
---|---|---|
1.145 | 82338 | 3 |
1.150 | 108850 | 4 |
1.155 | 45836 | 4 |
1.160 | 69665 | 7 |
1.165 | 85672 | 5 |
Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
Featured News
BPT (ASX) Chart |