Interesting development today with some big buys. Some big boys are either having a big punt, or they got wind of something.
- Recent structure of mini descending triangle formed while consolidating - These can break upwards or downwards
- The decision point here looks to have broken upwards. However, ideally you'd want the break upwards on more significant volume. Price rise on higher volume = demand is outstripping supply with more strength. i.e. causes prices to run harder.
- Price has bounced off the EMA 21 - Acting as support
- SMA 9 has remained above the EMA 21 = No confirmation of short term downward trend. What we want to see is the SMA 9 stay above the EMA 21 and both clearly pointing upwards = short term upward trend
- We also want to see continued shrinking red bars on the MACD histogram = would indicate negative momentum is turning. If it keeps contracting, we're likely to see the MACD line cross over as well, which is generally a buy signal.
Next couple of sessions will be interesting. Hopefully the indicators continue to show a turn in sentiment and the patient holders are rewarded.
*Multiple Rocket Emoji's*
GLTAH & DYOR
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Last
0.5¢ |
Change
-0.001(16.7%) |
Mkt cap ! $27.11M |
Open | High | Low | Value | Volume |
0.6¢ | 0.6¢ | 0.5¢ | $15.46K | 3.093M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
28 | 55319401 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 46411516 | 47 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
27 | 42319401 | 0.005 |
50 | 40873541 | 0.004 |
27 | 59462257 | 0.003 |
15 | 57342547 | 0.002 |
12 | 80350999 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 41439231 | 43 |
0.007 | 41493378 | 35 |
0.008 | 22421906 | 28 |
0.009 | 19253659 | 13 |
0.010 | 15240813 | 20 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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ROG (ASX) Chart |