"The large volume on our day closing both gaps with a subsequent few low volume days, stacking of the MD yesterday and buying pressure today seem to indicate a reversal."
"I see such spikes occuring during the next 2 weeks"
Yes I agree it's quite possible Surges. It could be peculating as we speak lol..
Here's today's chart/analysis/opinion anyway.
Negative:
TRIX (-123.64) is in bearish territory. (although oversold)
Volume Oscillator - currently negative.
Volume rate of change - currently bearish
MACD is in bearish territory. (but indicated a short term rally within the next few days is possible)
Acc/Dist - currently bearish.
Positive:
EMA (st) beginning to fall in line..
Linear regression - good.
Momentum indication - oversold, and and upturn is possible.
Parabolic is showing some weakening in the downtrend. (though still currently short)
Rate of change (-8.33) is oversold and an upturn is possible.
Volume is trending higher, allowing for a pick up in volatility..
ADX indicates a deterioration in the current downtrend. The price action can get choppy as it attempts to establish a new trend..
Positive indications have increased yet again.
Opinion:
There was heavy technical resistance at 1.2.
it's great to see that today's high has depleted that barrier. (for this chart)
The sp is strong today, although I would of preferred it a pip higher. If it can hold this level by the end of the week (1.1), then there's a good chance it can attempt to break out into an uptrend imo.. (fingers crossed)
1.3 resistance is (currently) the threshold to the reversal imo. Looking for a fairly strong breakout though, minimum 1.5 perhaps?
Good luck all, watching with interest..
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Last
0.4¢ |
Change
0.001(16.7%) |
Mkt cap ! $11.10M |
Open | High | Low | Value | Volume |
0.3¢ | 0.4¢ | 0.3¢ | $1.515K | 504.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
43 | 13357839 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 11826592 | 27 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
41 | 13339839 | 0.003 |
17 | 12832678 | 0.002 |
10 | 17300024 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 11099510 | 26 |
0.005 | 5651603 | 28 |
0.006 | 5239567 | 10 |
0.007 | 2764837 | 7 |
0.008 | 482213 | 5 |
Last trade - 15.57pm 28/06/2024 (20 minute delay) ? |
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