Low volume descent is a good sign and i wouldn't give up on the 32/32.5 support level holding yet. At EOD we can determine whether this was a false break or not as we saw yesterday. MA 21 32 c MA10 31. A finsh at 32/32.5 also brings upper boll band into play. MACD crossed and needs continuing strength but heading in the right direction but needs more conviction.
Todays SP was showing signs of losing some momentum as you see the each day the successive bodies of the candles getting smaller. Usually this can indicate a bearish sign but it can also be a moment to deliberate with a slight retrace before possibly continuing up. So todays action is not disastrous or problematic as volume is low and we need to c whether the supports at 32/32.5 and 31 can hold. This can be truly ascertained at eod. If it is a true pause, we could c a doji star at EOD. I would like to minimum c a finish at 32 c. It will give TON one less hurdle to overcome from a TA percpective.
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1.0¢ |
Change
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Mkt cap ! $15.68M |
Open | High | Low | Value | Volume |
0.9¢ | 1.0¢ | 0.9¢ | $2.968K | 306.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 510379 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 695388 | 4 |
View Market Depth
No. | Vol. | Price($) |
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1 | 10679 | 0.010 |
4 | 1278819 | 0.009 |
7 | 1770529 | 0.008 |
7 | 1742974 | 0.007 |
2 | 416660 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 695388 | 4 |
0.012 | 491367 | 5 |
0.013 | 1538461 | 1 |
0.014 | 200000 | 2 |
0.015 | 1333333 | 1 |
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