Now that the SP has had time to settle after that ridiculous...

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slick

13,570 Posts.

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20/04/24

16:58

Post #: 73439274
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Originally posted by slick: ↑

Hey Welshy, I was just looking at this on the weekend thinking what in the hell happened last Friday, certainly a nice little flush there of stale holders, man did they dump on those announcements. And the headings were "Positive Outcomes in Phase 2 BIT225".

So from a TA perspective you really want to view the chart and totally disregard that candle because it really does stuff up the TA. Welshy I really think you need to let it settle for a few more sessions to get a real feel for momentum but currently it's still trading above the 8ema and bollie median and MACD is very strong so they are all positives to the current price action.
The candle on the 26/03 was the one that triggered this positive reversal . I'll keep an eye on it for any changes but apart disregarding Friday it all looks pretty good.

Cheers.

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Now that the SP has had time to settle after that ridiculous candle on the 5th of this month (tried to blank it out) unfortunately it's moved into a small downtrend. Key indicators have all rolled to the negative.

Looking forward there is a bit of support at .069, really need that to hold as there's not much after that to hold it up.

When you consider the BIO sector over the past couple of weeks, you can't blame the SP for struggling. Funds are being removed from the sector big time.

Cheers

BIT Price at posting: 7.0¢ Sentiment: None Disclosure: Not Held
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