Here is my technical (chart) point of view of bub - happy to be corrected for anyone has more experience...
Since March 21st 2017 bub has been moving down in a downward channel to hitting strong support at 14c on April 27th (to also close gap at 14.5c from Jan 3rd). Friday last week bub broke out of the channel intra day to 16c (on quarterly) but closed at 14.5c to be inside the channel.
Now my reading of the chart by mid this week the top part of the channel and the 14c support are going to hit so its make or break... I think we will trade in between 14c and - 15/15.5c till Wednesday next week and my person view is the second part of the week we will break the channel and move back to first target of 20c.
Long term investor of bub and that's my short term view... ill keep buying at these prices
P.s
Thanks to Infidel Angel for the chart
TECHNICAL VIEW BUB
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Last
13.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $115.9M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.3¢ | 13.0¢ | $95.18K | 730.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 1388600 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 320102 | 8 |
View Market Depth
| Last trade - 16.10pm 08/07/2024 (20 minute delay) ? |
| BUB (ASX) Chart |