Update for the boomers:
Still not buying this price action, it’s screaming bull trap/double top. OBV doesn’t support this when compared to the last trip to this price, Hidden bearish divergence on RSI getting more obvious daily and another indicator I won’t name showing this as distribution.
I’ll flip medium term bullish if we clear through 15.5 - with volume for those in the back. Sell trigger will be 17.5 - haven’t shared this previously but I don’t see the gap filling this side of FDA news/approval, I’m viewing it as a breakaway gap.
TLDR; my conviction remains and is arguably strengthened that this is distribution. Sentiment on this forum is far too bullish and could be used as an indicator we’re nearing a local top.
p.s. yes - head and shoulders invalidated, boohoo! Guess what, I’m not trying to compete and play who’s more correct than others. I’ll let the chart tell me what to do with my money and follow that.
And sorry I still haven’t posted on any other forums, worry not old chaps, money has been made without notifying boom town of what I’ve been up to.
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Last
37.3¢ |
Change
0.003(0.68%) |
Mkt cap ! $681.5M |
Open | High | Low | Value | Volume |
37.5¢ | 38.0¢ | 37.3¢ | $297.7K | 792.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 594035 | 37.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
37.5¢ | 40581 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 357692 | 0.375 |
12 | 557695 | 0.370 |
19 | 665925 | 0.365 |
18 | 597128 | 0.360 |
16 | 556901 | 0.355 |
Price($) | Vol. | No. |
---|---|---|
0.380 | 334103 | 10 |
0.385 | 659453 | 11 |
0.390 | 259622 | 9 |
0.395 | 281932 | 8 |
0.400 | 292357 | 12 |
Last trade - 11.19am 14/10/2024 (20 minute delay) ? |
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