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$1.31 superloop limited

Update.... strength remains intact.Result date has been...

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104 Posts.

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02/02/24

08:17

Post #: 72196982
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Originally posted by Asxcharts: ↑

18-Jan-2024 - Keeping it Simple with Price Action & Technical Analysis

An interesting opportunity seems to be brewing up in SuperLoop..
Lets check what I can analyze from the Weekly Chart.. My analysis can have mistakes, so please DYOR.

1. Stock had been in a downward spiral since Oct'22.
2. There was a huge Volume in end-2022 close to its newfound bottom, and then again in April'23.
3. Clearly since then, stock has been in an uptrend and RSI shows a growing strength, which indicates good accumulation happening.
5. Stock has crossed the threshold of RSI-50, and continues to go up in strength.
6. The triangle pocket created now between the rising support trendline and the immediate resistance line above that, will be interesting to see if the strength is good enough to breach that.

Stock held, and keeping an open eye.

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Update.... strength remains intact.
Result date has been announced for 22Feb, so expecting some action with this buildup in interest.

SLC Price at posting: 69.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last $1.31		Change -0.020(1.50%)		Mkt cap ! $656.3M

Open	High	Low	Value	Volume
$1.31	$1.33	$1.29	$329.7K	252.7K

Buyers (Bids)

No.	Vol.	Price($)
3	8915	$1.29

Sellers (Offers)

Price($)	Vol.	No.
$1.32	3102	1

View Market Depth

No.	Vol.	Price($)
3	8915	1.290
2	3951	1.285
2	22189	1.280
1	3937	1.270
2	1700	1.250

Price($)	Vol.	No.
1.315	3102	1
1.320	3102	1
1.330	235	1
1.335	2797	1
1.340	6484	2

Last trade - 16.10pm 13/05/2024 (20 minute delay)


Last $1.30			Change -0.020 ( 2.43 %)
Open	High		Low	Volume
$1.32	$1.32		$1.29	60528
Last updated 15.59pm 13/05/2024 ?

SLC (ASX) Chart

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