Looks like there has been a tendency to shake out around the 200 day moving average so either that or a test of the 50 day moving average could be another good entry if current levels don't fit your trading style. Weakness has tended to reverse very quickly though. It ran up around +60% from bottom to top when testing the 200 day last september... Hopefully the same will happen here.
The strength over the past few days considering the weakness in broader market indices like the S&P500 & ASX showed enough conviction for me to think this is a sustained breakout and as a result, take a position
Looks like there has been a tendency to shake out around the 200...
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 (20min delay)
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Last
$11.83 |
Change
-0.160(1.33%) |
Mkt cap ! $447.6M | |||
| Open | High | Low | Value | Volume |
| $12.00 | $12.04 | $11.80 | $1.337M | 112.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 2249 | $11.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.82 | 42 | 1 |
View Market Depth
| Last trade - 15.39pm 18/12/2024 (20 minute delay) ? |
| GTK (ASX) Chart |