Basically the stock is moving up and the next lot of price resistance from Oct'16 - early Nov'16 is around $6, $6.05 is close enough. So that is what we are shooting for. The next lot of resistance on the weekly chart after that is in the $6.70s'.
The theory is that a stock in an uptrend will/may stumble/pull back at least temporarily at overhead resistance. Short term traders often sell at resistance levels. Long term holders probably don't worry to much about them at all except not a good place to top up. Better to top up at the lower support levels.
Basically the stock is moving up and the next lot of price...
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Last
$5.14 |
Change
0.030(0.59%) |
Mkt cap ! $1.578B | |||
| Open | High | Low | Value | Volume |
| $5.13 | $5.20 | $5.11 | $5.986M | 1.163M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 15305 | $5.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.14 | 4016 | 2 |
View Market Depth
| Last trade - 16.10pm 21/11/2024 (20 minute delay) ? |
| IPH (ASX) Chart |
