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
88.5¢ |
Change
-0.025(2.75%) |
Mkt cap ! $466.4M | |||
| Open | High | Low | Value | Volume |
| 91.0¢ | 91.5¢ | 88.0¢ | $1.076M | 1.202M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 23246 | 88.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 89.0¢ | 94440 | 49 |
View Market Depth
| Last trade - 11.51am 15/05/2024 (20 minute delay) ? |
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Last
89.0¢ |
Change
-0.025 ( 2.73 %) |
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| Open | High | Low | Volume | ||
| 91.0¢ | 91.5¢ | 88.3¢ | 831975 | ||
| Last updated 12.05pm 15/05/2024 ? | |||||
| TYR (ASX) Chart |