It is travelling along a channel pattern it should continue to bounce back and forth untill it breaks out, good time for a quick short if your feeling brave.
I'm gonna go out on a limb and say a couple more bounces along the short term channel untill it hits the longer term trend lines forming an ascending triangle.
Odds are we should see significant upward movement when it breaks through that downward trend line.
On the other hand if it breaks the long term up trend we'll be in for some trouble :)
Happy Trading.
time for technicians input, page-5
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Last
$3.88 |
Change
0.000(0.00%) |
Mkt cap ! $44.83B | |||
| Open | High | Low | Value | Volume |
| $3.90 | $3.92 | $3.86 | $71.70M | 18.41M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 38826 | $3.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.89 | 227427 | 7 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| TLS (ASX) Chart |