gunntrader
sorry, dont agree, my chart was simple. It had the small trend line showing the area of distribution, as I explained in a previous post...and a line placed firmly at 8.80. I think you mentioned it will go back to $10. To do that it has to break major resistance now of 8.80. I can't see this happening.
I also do not see the channel that robbbb has posted. That is not a downtrend channel. I would classify this as a rectangle, and that can be seen on monthly. This will have a target of $6.00 but would doubt it will get there but could easily see 6.50ish.
The large vol from the last three days trade suggests where this is going. An attempt at 8.65 - 8.80 gives a good short position.
Not downramping this stock..only looking at the chart and technicals.
gunntradersorry, dont agree, my chart was simple. It had the...
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Last
$20.43 |
Change
0.110(0.54%) |
Mkt cap ! $8.990B | |||
| Open | High | Low | Value | Volume |
| $20.32 | $20.58 | $20.15 | $35.06M | 1.717M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 308 | $20.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.43 | 3123 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| BSL (ASX) Chart |