Continuation Wedge (Bullish) | 33% move possible
Whitehaven Coal Ltd forms bullish "Continuation Wedge" chart pattern
Mar 27, 2024Trading Central has detected a "Continuation Wedge (Bullish)" chart pattern formed on Whitehaven Coal Ltd (WHC:ASX). This bullish signal indicates that the stock price may rise from the close of6.74to the range of8.50-8.90. The pattern formed over 40 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.
Tells Me: After a temporary interruption, the prior uptrend is set to continue.
A Continuation Wedge (Bullish) represents a temporary interruption to an uptrend, taking the shape of two converging trendlines both slanted downward against the trend. During this time the bears attempt to win over the bulls, but in the end the bulls triumph as the break above the upper trendline signals a continuation of the prior uptrend.
This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.
Continuation Wedge (Bullish) | 33% move possibleWhitehaven Coal...
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 (20min delay)
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Last
$7.85 |
Change
-0.170(2.12%) |
Mkt cap ! $6.567B | |||
| Open | High | Low | Value | Volume |
| $8.00 | $8.01 | $7.81 | $34.06M | 4.325M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 16299 | $7.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.85 | 6600 | 1 |
View Market Depth
| Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
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Last
$7.83 |
Change
-0.170 ( 2.54 %) |
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| Open | High | Low | Volume | ||
| $7.99 | $8.01 | $7.81 | 1754088 | ||
| Last updated 15.59pm 30/05/2024 ? | |||||
| WHC (ASX) Chart |