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Airtasker Ltd

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symmetrical triangle or a pennant.Symmetrical Triangle (A-B-C-D): The chart forms a well-defined triangle with lower highs and higher lows, which usually indicates a consolidation phase. The breakout has occurred at point D, suggesting strong bullish momentum after a period of indecision. Measured Move: The yellow line projecting upwards likely represents the target based on the triangle's height. The target seems to align with the 0.800 level, suggesting a significant upside potential. This method of setting targets (height of the triangle added to the breakout point) is a common technique. Breakout Confirmation: After the breakout from point D, there is some retracement, but the price remains above the breakout level, indicating that the bullish move is intact. Volume and Momentum: Though volume isn’t visible in the chart, a strong breakout typically coincides with a volume spike, further confirming the move. The retracement after the breakout suggests a healthy correction before potentially continuing higher. Key Levels: Support: Around the breakout level (0.515), which should hold if the bullish trend is to continue. Resistance: The projected target at 0.800. If momentum is strong, the price could aim for this target or beyond.
ASX:ARTLong
by tolacvk
ART Long term holdersAirtasker is an Australian online marketplace connecting users with local service providers. In FY24, it reported $46.6M in revenue (5.6% growth) and $44.5M in gross profit, achieving positive free cash flow of $1.2M. Cost-efficiency measures, including a 26.1% reduction in employee expenses, were pivotal. The company is expanding internationally, with the UK achieving a 76.3% YoY revenue increase in Q4 FY24. Airtasker also secured $11M in advertising partnerships to strengthen domestic growth. Its stock trades at $0.285 AUD, with a $129M AUD market cap, signaling investor confidence The ascending triangle is a bullish continuation pattern often seen during an uptrend, characterized by higher lows and a relatively flat resistance level. In this setup, the stock price has been consolidating between a horizontal resistance level around $0.30 - $0.32 AUD and ascending support.
ASX:ARTLong
by tolacvk
RiskMastery's Breakout Stocks - ART EditionWelcome to RiskMastery's Breakout Stocks - Stocks with breakout potential. In this edition, we'll be looking at ASX:ART ... I believe this code is at a point of potential volatility. If price can hold above $0.280 ... Bullish potential may be unlocked. My key upside targets include: - $0.335 (Conservative) - $0.385 (Medium) - $0.505 (Aggressive) If however price falls below $0.220 ... Bearish risk potential may be unlocked. (My key risk targets - C, M,& A - are as noted on the chart) Enjoy, and I look forward to being of further service into the future. If you'd like to connect, feel free to reach out and comment below. Mr RM | Risk Mastery Disclaimer: This post is intended for educational purposes only - Publicly available RiskMastery information & content is not intended to be financial advice in any shape or form. Please do your own research and seek advice from a licensed professional before acting on any of the information contained within this post. This post is not a solicitation or recommendation to buy, sell or hold any positions in any financial instrument. All demonstrated trades are merely incidental to the educational training RiskMastery aims to provide. You are solely responsible for your own investment and trading decisions, of which should be made only according to your own opinion, knowledge and experience. You should not rely on any of the information contained on this site or contained in any RiskMastery material on any website or platform. You assume the sole risk of any trade or investment you elect to make. RiskMastery and affiliates shall not be liable to you for any monetary losses or any other damages incurred directly or indirectly, from your use, reliance or reference of RiskMastery materials, content and educational information. Thank you for your understanding and cooperation - We look forward to working with you into the future to navigate the fine line of trading and investment success.
ASX:ARTLong
by Bullfinder-official
ART - AIRTASKER 85%+- GAIN POTENTIALLooks like a large Elliott wave is just coming to an end. Currently in a downward trend and are trending on the bottom trend line, should pop back up and stay over 75c to confirm reversal. Reversal with a new Elliot wave with first wave pushing to 90c. testing previous support/now resistance. Then dropping back to around then 80c region before the next wave up to $1 before re-testing support for the final leg to 1.25. SMA 200 sits at 1.04, For educational/testing theory purposes. Not intended as investment advice. Would love to hear your thoughts, theories and analysis..
ASX:ARTLong
by Mickydublya