Looking at the daily chart here we can see that we have had 3 bars down followed by a nice price rejection candle today.I always look for movements of 3 and 7 in the market.And after yesterdays close it gave me an indication where we would be headed today.Going back to the daily,we can draw a lower trendline from the lows all the way back from june 07,it gives us a support precisly at todays lows.With todays bottoming tail it also gives a good sign that $8 will be good short term support.I would now look towards the gap fill at yesterdays close($8.46) from memory.We may see a retest of the $8 support after the gap is filled then another rally back from there.I believe with the dividend coming up and todays plunge it may not come back to retest the $8.But time will tell.Upside target is $10.
its a buy for me.
gunn
was today the bottom
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Last
$19.81 |
Change
-0.160(0.80%) |
Mkt cap ! $8.735B | |||
| Open | High | Low | Value | Volume |
| $19.95 | $19.97 | $19.54 | $13.05M | 659.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 989 | $19.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.82 | 569 | 13 |
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| Last trade - 15.28pm 26/06/2024 (20 minute delay) ? |
| BSL (ASX) Chart |