Hi All
As you can see POG has been on a solid down trend since mid May dropping from 1925 to a triple bottom 1675 support, since then had a good run up to the 61 fib resistance ( wave 1 up ) then the corresponding wave 2 down back test to hit the 1719 support, according to my wave count, the next move could really be significant with wave 3 up to follow, giving all gold stocks a shot in the arm and an increase in sentiment aka MEI.
Indicators still a bit iffy, but if RSI 14 can break 47 support, then POG is on its way, i also am sensing increased volume too which is nice.
As mentioned in previous posts with MEI, if 2.8 support didnt hold then 2.2c would come into play and so it did, where it appears a base is forming, if it can break the 2.89 resistance which was support prior, then i would be very confident that a reversal is on.
Hang in there folks, better times might be on the horizon.
News would be handy to say the least
Naturally, this is just IMO, IMO, IMO
Chart, page-1138
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Last
18.0¢ |
Change
0.010(5.88%) |
Mkt cap ! $358.2M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 19.0¢ | 16.8¢ | $917.7K | 5.145M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 350242 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 554950 | 2 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| MEI (ASX) Chart |