I agree with your analysis, short term we could see:
1. Stay within the uprising triange (I think this is the most likely option considering the recent USA news/price action
2. Break out on the upside ( i think this is unlikely now without further testing/consolidation)
3. revert back into the previous range trading
All these short term options are supportive of a longer share price rise.
XRF Charts, page-18
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Last
$1.35 |
Change
-0.015(1.10%) |
Mkt cap ! $185.7M | |||
| Open | High | Low | Value | Volume |
| $1.38 | $1.38 | $1.34 | $79.84K | 59.40K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3959 | $1.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.37 | 20000 | 1 |
View Market Depth
| Last trade - 15.40pm 28/06/2024 (20 minute delay) ? |
| XRF (ASX) Chart |