1MC 6.82% 4.1¢ morella corporation limited

AJM Chart, page-4728

  1. 46,621 Posts.
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    All you have to do is look at the chart I posted the trend is plain to see - Dojis , inside days bullish haramis and other 1 or 2 day candlestick patterns are not particularly reliable but they can give early signals the bottom may be in - Bill Mclaren has said that counter trend rallies can go for up to 7 days with the norm being 3 to 5 days.

    While there may be some green shoots appearing its too early to call a trend change - As long as it doesn't make a fresh low . the chances of a trend change are increasing but the trend change maybe simply be to a sideways consolidation ( accumulation ) phase or it could break resistance and start a new up trend - The picture should be a lot clearer by the end of next week

    Short term buy signals appearing !

    I really do not like the site linked below as its notorious for whipsawing the link above is the best of the computer generated T/A tip sheets ( IMO)

    Bullish Harami !
 
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Last
4.1¢
Change
-0.003(6.82%)
Mkt cap ! $10.13M
Open High Low Value Volume
4.4¢ 4.4¢ 4.1¢ $6.658K 156.4K

Buyers (Bids)

No. Vol. Price($)
3 115822 4.1¢
 

Sellers (Offers)

Price($) Vol. No.
4.4¢ 52944 2
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Last trade - 16.10pm 31/07/2024 (20 minute delay) ?
1MC (ASX) Chart
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