I think you get the drill. When there is a long full red candle which closed on low, my view is that the next 2 days are most likely to be 2 smaller red candles.
Have a look at A2M, APX and KGN.
Chart doesn't lie, but posters on HC does.
Best time to buy is in T+3 or when there is a period of solid consolidation on an hourly chart. Good luck to holders or those who average down in a falling knife.
Escrow and Mac Bank selling are additional factors pushing the SP down.
I'm only alerting to those who are naive or thinking it will rebound (or I'm long term holder...). Seen this, been there before - and my advice is always to cut your loses and preserve your capital. There are better opportunities out there. Why hold a 10% loss when you can gain in ORE or PLS ...etc which has a lot more to run?
Time to admit you have made the wrong decision - I had licked my losses on similar occasions many times and have learnt heaps. Sometimes you cannot go against the market - the trend is always your friend.
Ann: Nuix announces FY21 results, page-177
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Last
$3.38 |
Change
-0.020(0.59%) |
Mkt cap ! $1.093B | |||
| Open | High | Low | Value | Volume |
| $3.44 | $3.49 | $3.34 | $2.727M | 802.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3421 | $3.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.40 | 3421 | 1 |
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| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| NXL (ASX) Chart |