Today did form a nice bullish engulfing candle, although the volume didn't quite play ball - we didn't see much in the way of stopping volume, although would look a lot nicer on a 2 day timeframe.
Tomorrow is going to be confirmation day. We don't want to see weakness tomorrow, otherwise today's action is probably a test. We want to see increasing volume and spread - big volume with a tight spread will indicate a lot of hidden selling.
Wish I was around to watch closely tomorrow - think it will be a significant day as far as ST direction goes.
TA - UTAD ? discussion, page-990
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Last
1.0¢ |
Change
-0.001(9.09%) |
Mkt cap ! $15.73M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.2¢ | 1.0¢ | $4.212K | 408.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3043885 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 450000 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| AJX (ASX) Chart |