Technical analysis viewpoint:
REG chart looking vulnerable - possibility that all-time low could be retested shortly.
Negatives:
1. Broke below major swing point low $4.08 on monthly time frame.
2. After breakdown could only manage a one day weak rally back up before being sold off again.
3. Multiple moving averages are fanning out downwards (like a "waterfall") indicating possible strong downtrend developing.
Next support level $3.81 might arrest the downward movement. If it can't then the all-time low $3.445 might be retested.
Daily Bar Chart
Daily Multiple Moving Averages Chart
10, 20,30, 50, 100, 150 day exponential moving averages highlighting "waterfall effect".
Monthly Bar Chart
Long term downtrend continues.
Technical analysis viewpoint: REG chart looking vulnerable -...
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 (20min delay)
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Last
$6.70 |
Change
0.260(4.04%) |
Mkt cap ! $1.755B | |||
| Open | High | Low | Value | Volume |
| $6.49 | $6.81 | $6.48 | $4.017M | 598.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4399 | $6.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.72 | 2498 | 2 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| REG (ASX) Chart |
