Looking at your chart you can see quite clearly resistance or points of supply at $1.10 & $1.20.
On 27th price gaps to $1.30 & is sold off.
So in response to your question I would say both $1.20 & $1.30 are points of resistance or supply.
Something I use which is useful to find pivot points or resistance & support are the bollinger bands.
(normally use 2 SD (95% of time will contain price) I changed it to 3 SD (99.7% of time will contain price) & showing only the upper band which is resistance)
$1.30 was a 3 Standard deviation move which is difficult to sustain.
Looking at your chart you can see quite clearly resistance or...
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Last
83.5¢ |
Change
-0.005(0.60%) |
Mkt cap ! $441.1M | |||
| Open | High | Low | Value | Volume |
| 83.0¢ | 84.0¢ | 81.5¢ | $1.493M | 1.805M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 45 | 82.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 83.5¢ | 44231 | 6 |
View Market Depth
| Last trade - 16.10pm 19/06/2025 (20 minute delay) ? |
| TYR (ASX) Chart |