Doesn't look remotely like a triple bottom. Isn't repeating any previous low and there is no prior trend to reverse except an uptrend that already halted in it's tracks (it's a trend reversal pattern which signals the end of a trend) - Beside which, double or triple bottoms, (or tops) do not get confirmed at the point they repeat the previous lows (or highs for a top), they must wait for confirmation of the prior trend reversal when the price bounces past the mid point (imagine a W for double bottom, or M for double top: the pointy bit in the middle, OK?)
What I do see on SFR chart is a wedge, which must break up or down. My only interest is as a GTE holder, as they have $500k of SFR shares to flog, so I hope it's up, but as the MAs are all death crossed, I suspect they should have taken the chance when it was above $6. On positive side, there are two clear gaps above to be filled. I suppose the Triple Bottom you think you are seeing is the 3 touches of the uptrend line - if it is kind of valid on that basis, then what SFR holders would be looking for is a break above the $6.21 line, which got hit twice for your two midpoints of a double W, if you like - that coincides in any case with a break above the downtrend line, so comes to the same thing, I suppose. Expect SFR just need to go find a copper mine or three in GTE's N.Yerrida and we'll all be right. GL!
- Forums
- ASX - By Stock
- News: SFR Sandfire Resources increases ownership in high-grade black butte copper project in...
Doesn't look remotely like a triple bottom. Isn't repeating any...
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SFR (ASX) to my watchlist
(20min delay)
|
|||||
Last
$10.27 |
Change
0.060(0.59%) |
Mkt cap ! $4.190B |
Open | High | Low | Value | Volume |
$10.31 | $10.42 | $10.18 | $14.51M | 1.416M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 5465 | $10.26 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$10.29 | 2241 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 36219 | 6.760 |
10 | 36962 | 6.750 |
8 | 31360 | 6.740 |
6 | 17781 | 6.730 |
8 | 33067 | 6.720 |
Price($) | Vol. | No. |
---|---|---|
6.780 | 14048 | 3 |
6.790 | 31638 | 7 |
6.800 | 41939 | 10 |
6.810 | 45076 | 14 |
6.820 | 8156 | 3 |
Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
Featured News
SFR (ASX) Chart |