EMA or SMA lines get tangled up when the share price is mowing within a trading range. They are best as indicators when the share price is trending up or down. That is what I heard from a TA instructor in YouTube. I think he is right.
That is why you see your EMAs are twisting to each other like those underwater eels will do if you put them in a bucket without water.
PLS chart, page-21853
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Last
$2.79 |
Change
-0.130(4.45%) |
Mkt cap ! $8.398B | |||
| Open | High | Low | Value | Volume |
| $2.89 | $2.92 | $2.79 | $56.11M | 19.76M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 43 | 231594 | $2.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.80 | 28889 | 3 |
View Market Depth
| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |