We had a green hammer just before the bottom on the daily which is the first reversal I've seen in it. And it's crossed the 50dma on the daily but still just below on the weekly. To me it looks like supply has somewhat finished in terms of downside looking at relative strength index.
Everything else looks fine.
I agree also we're in a pennant formation
Target breaking up from here should be around 45c
If you look at the macd Russ the lines are pointing towards continuation
Momentum strong
Under the Radar, page-66
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Last
$15.68 |
Change
0.680(4.53%) |
Mkt cap ! $331.4M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 1 | 200 | $15.21 |
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| Price($) | Vol. | No. |
|---|---|---|
| $15.95 | 300 | 1 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| AVR (ASX) Chart |