I see a few comments about a cup and handle pattern but to my understanding this type of pattern is a continuation pattern and does not apply here as SHV was trending down prior.
However a saucer pattern which comes after a downtrend is the most likely culprit. It is usually associated with a major trend reversal which is good for us!
The initial buy was above 5.5. It didn't quite make it to the prior support now resistance of $8 as profit taking came in. I think the next run we will see $8.
Only thing I don't like is the increasing sell volume although I'm hoping its associated with the Brits and end of year selling.
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Last
$4.21 |
Change
0.130(3.19%) |
Mkt cap ! $509.6M |
Open | High | Low | Value | Volume |
$4.08 | $4.21 | $4.08 | $566.9K | 135.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 3803 | $4.20 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.22 | 682 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 3803 | 4.200 |
1 | 182 | 4.190 |
2 | 808 | 4.180 |
3 | 808 | 4.170 |
2 | 808 | 4.160 |
Price($) | Vol. | No. |
---|---|---|
4.220 | 682 | 2 |
4.230 | 808 | 2 |
4.240 | 2808 | 3 |
4.250 | 8312 | 7 |
4.260 | 182 | 1 |
Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
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SHV (ASX) Chart |