Morning team ICG
As I said yesterday, everything is looking great on our charts and this baby remains a buy IMO.
Just noticed a few things on the chart. Our RSI is approaching overbought territory - does that mean anything? Well it could signal a reversal, but look what happened last time we went into overbought territory - the momentum dropped off a little, the SP flatlined for a bit and then continued upward. On peak two, the momentum tail went a bit longer and we dropped back a pip from memory and built up for our second wind that happened yesterday. Something to watch out for, but I think with permit hanging over our head, a sell off would be unlikely - LT's will most likely ride the wave.
1.6 is our support atm, so watch that line.
It's Friday, so traders may want to get out for the weekend - but then again, I'd say FOMO is big here atm.
Happy Friday everyone.
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.242M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 499999 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 2345385 | 5 |
View Market Depth
| Last trade - 16.12pm 09/08/2024 (20 minute delay) ? |
| ICG (ASX) Chart |
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