Unfortunately for holders and recent buyers, the indicators agree with you and here’s why.
This current downtrend will continue until the SP prints some green candles firstly above that yellow 8ema and then the bollie median level. In combination with that, the lower chart is MACD and has recently crossed to the negative. That needs to reverse back to the positive.
Keep sitting on your hands until that happens IMO. What I can’t tell you ( neither can anyone else) is when that reversal will arrive. Could begin tomorrow, could be another week or two. But it will be easy to identify.
Cheers.
DXB Chart, page-1093
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Last
51.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $280.6M | |||
| Open | High | Low | Value | Volume |
| 51.5¢ | 54.5¢ | 51.0¢ | $1.715M | 3.301M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 365433 | 51.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.5¢ | 19658 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| DXB (ASX) Chart |