AUQ 4.23% 6.8¢ alara resources limited

sure. some deception going on here, but i'm still not sure by...

  1. 15,713 Posts.
    lightbulb Created with Sketch. 445
    sure.
    some deception going on here, but i'm still not sure by whom. is it buyers creating sell signals, or sellers creating buy signals? the last two T20s confirmed the former, but with the markets the way they are, its hard to know for sure that they haven't switched strategy until we get another updated T20.

    ALsertwe6qtqwARA RESOURCES LIMITED.png red and blue still battling it out with consistent precision. bit of an important test of the 200ema coming up, as far as overall bullishness goes.

    todays drop was already indicated by the bearish divergence in Acc/Dist indicator since aug 21 candlestick, which on its own merits probably deserved more of a pullback, but somehow support kept rising to meet supply.

    I think a bounce tomorrow would be a huge vote of confidence in the blue PF triumphing.
    if not, next support would be at 2.1

    all of the above suggests again that recent buyers are probably mostly just traders, and are reluctant to hold. They will continue to sell for fear of either further market weakness or a fundamental upset. The game changer will be when the company converts one of these "potential" developments into a "confirmed" one.
    Last edited by mowibble: 01/09/15
 
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6.8¢
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Buyers (Bids)

No. Vol. Price($)
1 14940 6.7¢
 

Sellers (Offers)

Price($) Vol. No.
7.5¢ 46600 2
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Last trade - 14.03pm 03/05/2024 (20 minute delay) ?
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