That first support level I noted earlier has been tested at $1.78. We didn't get the "swing both ways" trading which I alluded to, so the $1.90 close is most likely off the cards. Mitta, just curious, do you ever integrate some form of momentum indicator into your trading to test whether the trend is sustainable? I couldn't agree more with your analysis by the way. The high volume in the mid $1.80s will pose as quite strong resistance, and this could push price towards that $1.67 mark next week if the smart money sells into those trying to top up at seemingly 'cheap prices' right now.
opening/closing price predictions, page-94
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Last
$6.10 |
Change
0.180(3.04%) |
Mkt cap ! $5.697B | |||
| Open | High | Low | Value | Volume |
| $6.02 | $6.12 | $5.97 | $7.058M | 1.167M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 1885 | $6.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.11 | 17248 | 36 |
View Market Depth
| Last trade - 13.55pm 09/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |