Looking at your chart:
Long term support and mid term resistance lines form what looks like a long term Descending triangle. Its not perfect but good enough.
If its going to breakout straight up it will be soon as its already pierced the down trending top line without success.
If on the other hand price backs off towards the 35 cent low and reverses back up watch out for a powerful bull move as well.
After seeing your chart the descending triangle is a visual pick on the weekly and monthly on my charts.
Looking at your chart:Long term support and mid term resistance...
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Last
29.0¢ |
Change
0.035(13.7%) |
Mkt cap ! $572.0M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 29.0¢ | 26.0¢ | $10.11M | 36.62M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 22403 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 628072 | 21 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| BRN (ASX) Chart |