Not really sure it's valid when you draw in those diagonals like that but I can see what your point was.
Hey can I show you guys something interesting.
Notice how the steam went out of MACD at that cross over in early April (circled) and although it hasn't crossed back over into positive territory the SP has continued to print off higher highs and even better, higher lows. Now you can see a hint of MACD wanting to cross back over in coming days. To me this is very bullish, the bollie median line is still rising and you're now back printing off daily candles above the 8ema. Going out on a limb here and saying that a move is incoming.
Now I might be totally off the pace here and many know where I live to come and string me up but that's my read of it for the short term.
Cheers.
NEU chart, page-657
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Last
$14.80 |
Change
-0.830(5.31%) |
Mkt cap ! $1.924B |
Open | High | Low | Value | Volume |
$15.65 | $15.72 | $14.76 | $11.61M | 772.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1392 | $14.80 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$14.90 | 1553 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1392 | 14.800 |
2 | 2500 | 14.760 |
1 | 67 | 14.750 |
2 | 1553 | 14.740 |
1 | 4633 | 14.720 |
Price($) | Vol. | No. |
---|---|---|
14.900 | 1553 | 2 |
14.930 | 1000 | 1 |
14.950 | 1828 | 1 |
14.990 | 1828 | 1 |
15.030 | 2078 | 2 |
Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
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NEU (ASX) Chart |