Interesting chart mitta
when you compare todays bar ie length and close position, more often than not these bars precede an up move.
Historically this exact bar formation has preceded announcments on at least 2 occasions that I can see. There is only one time that it preceded a down shift. But hey this could of SMSL shite activity or other reasons, i haven't cross-matched the dates.
It is an unusual bar but when it plays out live (in market)it does feel like a lot tension exists.
A possible leak in mo has occurred. I tipping an upshift to resistance level tomorrow on no news, If theres news look out, panic buying is on the cards.
Thanks again for the chart
over here blossum , page-31
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Last
$6.25 |
Change
-0.160(2.50%) |
Mkt cap ! $5.870B | |||
| Open | High | Low | Value | Volume |
| $6.31 | $6.34 | $6.25 | $10.66M | 1.698M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13985 | $6.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.63 | 629 | 1 |
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| Last trade - 15.59pm 10/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |