Lecram, thanks for the link.
In their "Daily Commentary" they said:
"A bullish pattern has developed and a BUY-IF alert is issued today. The task is now to confirm the validity of this bullish pattern."
This was based on the formation of a Doji and we need to look for leads and confirmation of a change in direction, with the open today being a good clue.
They also say: "A good starting point may be to keep an eye on after-hours and futures trading to get preliminary hints about the direction of the market." With the DOW closing up 80 points it looks like todays market should be up.
Their final interesting point: "We do not suggest any new short positions given the bullish alert. The short sellers should consider covering their positions if the market confirms the BUY-IF signal."
I am looking to buy and add to my holding at the open.
falling share price could go to 8.5 cents, page-86
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Last
11.5¢ |
Change
0.005(4.55%) |
Mkt cap ! $366.3M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.5¢ | 10.5¢ | $2.185M | 19.39M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 1892350 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 3719 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| PEN (ASX) Chart |