fer those who are interested, this is the 5 minute chart going back to mid november.
The rise is framed by the black pitchfork with the extra channel placed on top (via a superimposed fork).
Notice that price is still within the green consolidation fork and that as yet, the top line has not been tested. Notice also that the 5 min slow stoch is set to rally. The 3rd feature is the EMA8(green) above the EMA34(gold).
The quick prognosis is that none of the 3 conditions which should mark the limit of the rally has yet occurred, and the indicators are in position to continue the rally with a break above the consolidation fork's resistance tyne, if enough energy comes from a lead from the other markets, or whatever. I am sticking with it for the moment on the basis that you have to give things a chance sometimes. I am betting we cover the gap, and head back up.
the chart
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Last
$28.99 |
Change
0.530(1.86%) |
Mkt cap ! $6.908B | |||
| Open | High | Low | Value | Volume |
| $28.28 | $29.17 | $27.94 | $64.39M | 2.230M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5228 | $28.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $29.05 | 56 | 1 |
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| Last trade - 16.10pm 16/10/2024 (20 minute delay) ? |
| ALD (ASX) Chart |