Tomorrow will be interesting. Firstly let me say i'm very bullish MT/LT. This is based on both FA and TA.
What I'm about to suggest is only a short term indicator but for anyone who bought in today don't necessarily expect a continuation of the rocket tomorrow. Of course any news trumps my commentary here but today we have seen a very significant increase in volume compared to yesterday and this is with a relatively higher SP. The move up was almost exactly the same as yesterday. Join those dots and there is the risk that ST we may be seeing a buying climax; Increased volume, slowing of trend. This is backed up by XPE being overbought on the RSI but is really only useful if confirmed by following patterns.
So what I will be watching for tomorrow is for this: A steep upsurge again followed by large volume entering and a retrace, one that punches down well into today's candle. This would be a classic indicator of a temporary reversal, but it hasn't happened yet and if it does, is only a ST move.
I guess what I'm saying is if you end up underwater tomorrow don't despair, it's only a temporary move and may not even happen.
Now for the bright side; We have a MT cup & handle on the daily, with a target of around 10. This will play out potentially over days or even weeks but it's a strong indication of where we are going.
Also, have a look at my 200ema, the line at the bottom of my chart, it's trend upwards is accelerating.
XPE Charts, page-614
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Last
6.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.862M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 91166 | 6.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.4¢ | 38735 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 91166 | 0.069 |
3 | 15100 | 0.063 |
2 | 180000 | 0.060 |
1 | 86000 | 0.058 |
1 | 53000 | 0.056 |
Price($) | Vol. | No. |
---|---|---|
0.084 | 38735 | 1 |
0.085 | 182500 | 1 |
0.089 | 200 | 1 |
0.090 | 150 | 1 |
0.095 | 1524 | 1 |
Last trade - 15.01pm 15/07/2024 (20 minute delay) ? |
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