1PG 0.00% 16.5¢ 1-page limited

alarm bells, page-28

  1. 1,674 Posts.
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    Not intraday volume. Did the bullish doji on 26 Jul appear as a harami on your intraday chart? I understand that the doji on 26 Jul can be formed with the minority of trades being at the high or close for the period, as your intraday chart may show. Notwithstanding it shows that selling at the lows has ceased, and buyers were forced to bid higher after that.

    I try not to over analyse things, I do look for rejection tails at major price points in general. Key thing for me is price holding above the previous major low of 36c. If that breaks it's not good. That level was a key resistance level back in mid 2014 for a few months, before the major uptrend started late 2014.
 
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