88E 0.00% 0.2¢ 88 energy limited

Today's close - @ 2.4c was the highest close since 27 June,...

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  1. 366 Posts.
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    Today's close - @ 2.4c was the highest close since 27 June, after having sailed thru all of the resistance @ 2.3 and less.

    Prior to 27 June there was a steep decline from ~4.7 on 05 June to as far down to 1.9c & a close of 2.0c 4 weeks later on 03 July.

    So IMO we could now expect a rise in the SP back to ~ that 4.7c - at a similar rate as the decline - & in the same time period - but after reverting back first to a support level of 2.3c within the next week - but on the way up probably meeting about a month's resistance trading between 3.9c & 4.2c.

    Do any other chart fiends have a similar opinion, or some alternative TA to enlighten us with?
 
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Last trade - 09.59am 20/11/2024 (20 minute delay) ?
88E (ASX) Chart
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