Good post timmo69, I agree with your assessment although not so much your conclusions.
Absolutely the weekly and monthly charts are more important than the smaller timescales which people focus on so much in this stock and which can probably be ignored for the moment. I also agree the down trend-line was broken on the monthly and weekly in early January.
Howevert the question is whether this is a consolidation period for a while before a new up trend forms in a few months time. At this stage, although the trend line has broken, the down trend appears to still be dominant with the weekly lower highs and lower lows since Jan. I suspect a new down trend line will form and that we're still looking for a bottom, but we'll see.
let the games begin, page-55
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$8.02 |
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
---|---|---|
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1 | 6329 | 8.000 |
1 | 11825 | 7.990 |
1 | 620 | 7.980 |
1 | 9620 | 7.970 |
Price($) | Vol. | No. |
---|---|---|
8.030 | 24829 | 4 |
8.040 | 16294 | 5 |
8.050 | 69956 | 16 |
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