Might I also add ... ?
"Some patterns may have more predictive merit than others."
Patterns are apparent only because our mind diffrentiates and selects. The predictive merit is a value judgement based on inductive reasoning "in which broad generalizations or principles are derived from a body of observations". That is why the outcome (of the prediction) is not guaranteed.
"I liked your chart which (though historical) encouraged me not to be pessimistic"
That is cool. I am sure you mean my reading or interpretation of the chart that has encouraged you not to be pessimistic.
The result today seems to confirm my optimism:
A bullish engulfing candle with very high volume breaking the $4 line. The EMA lines are also aligning for an uptrend. It looks very solid to me.
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Might I also add ... ?"Some patterns may have more predictive...
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Last
$4.10 |
Change
0.090(2.24%) |
Mkt cap ! $12.33B |
Open | High | Low | Value | Volume |
$4.02 | $4.17 | $4.00 | $91.74M | 22.42M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 12066 | $4.10 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.11 | 223809 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 12066 | 4.100 |
11 | 75296 | 4.090 |
14 | 60642 | 4.080 |
7 | 388719 | 4.070 |
5 | 177371 | 4.060 |
Price($) | Vol. | No. |
---|---|---|
4.110 | 131970 | 8 |
4.120 | 158066 | 10 |
4.130 | 204429 | 8 |
4.140 | 138868 | 6 |
4.150 | 214389 | 17 |
Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
$4.10 |
  |
Change
0.090 ( 2.33 %) |
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Open | High | Low | Volume | ||
$4.02 | $4.17 | $4.01 | 6329493 | ||
Last updated 15.59pm 17/05/2024 ? |
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