Just doodling while waiting for son's Grand Final.
Chart looks very good with a little resistance at current levels (really nothing significant) and for the only time that I'll incorporate a diagonal trendline is for an a ascending triangle. Now it's to be pointed out that the data validating this pattern is pretty thin as it only involves wicks plus it hasn't gone for long enough but just a bit of fun and worth the experience to see how it plays out. IMO.
More importantly, That yellow 8ema is about to cross the bollie median line and the therefore the SP closed out the week above both the 8ema and bollie median. (bullish price action). And just for everyone's knowledge, while the SP remains above both those levels then the SP is trending upwards until that changes.
Cheers
RAC - Charts & Price Action, page-17428
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Last
$1.74 |
Change
-0.050(2.79%) |
Mkt cap ! $297.9M | |||
| Open | High | Low | Value | Volume |
| $1.79 | $1.79 | $1.72 | $137.5K | 78.57K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 673 | $1.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.76 | 1300 | 1 |
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| Last trade - 15.37pm 17/06/2024 (20 minute delay) ? |
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Last
$1.74 |
Change
-0.050 ( 1.51 %) |
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| Open | High | Low | Volume | ||
| $1.76 | $1.77 | $1.72 | 23546 | ||
| Last updated 15.56pm 17/06/2024 ? | |||||
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