Weekly close has crossed above SPH (Swing Point High) however has not crossed above downtrend line.
Might be wiser to wait for a safer entry when it closes above downtrend line.
If there is no follow through next week (ie fails to break through the downtrend line convincingly) and falls back down below the level of the SPH then it is possibly forming a top. A break down below previous swing point lows ($4.89) would confirm a top.
Breakout in Weekly Time Frame
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Last
$31.28 |
Change
0.390(1.26%) |
Mkt cap ! $7.662B | |||
| Open | High | Low | Value | Volume |
| $30.99 | $31.38 | $30.86 | $6.079M | 195.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 217 | $31.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $31.29 | 212 | 9 |
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| Last trade - 12.40pm 04/12/2024 (20 minute delay) ? |
| TNE (ASX) Chart |
