IMCO it is one of those moments where the market reaction doesn't quite match the announcement. However it does match the TA and my wave count (i ii iii iv v for wave 1 up). Therefore a wave 2 ? down logically would have to follow.
The question is when market participants come to their collective senses, establish the bottom for wave 2 ? and take today's positive announcement for what it is? Obviously we have to shake out some day traders at the same time of which some probably have already been burned.
Updated chart showing the above interpretation ...
Chart Action, page-50
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ZEO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
3.4¢ |
Change
-0.001(2.86%) |
Mkt cap ! $59.61M | |||
| Open | High | Low | Value | Volume |
| 3.5¢ | 3.5¢ | 3.4¢ | $13.86K | 406.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 384652 | 3.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.6¢ | 386634 | 1 |
View Market Depth
| Last trade - 15.06pm 28/06/2024 (20 minute delay) ? |
| ZEO (ASX) Chart |