I thought I would throw up a different daily view of AJX using a line chart of the closing price. The horizontal line is today's closing price and I have added a trend line. Without the distractions of candles or bars it presents an interesting picture.
Surprisingly it portrays a sense of normality with the current price sitting around a pretty clearly defined area of support and resistance and close to tracking the medium/long term trend. Of course the current price action looks to be delicately balanced and there is a bit of a bulls V bears battle going on around these levels.
Trend lines are also a reflection of support and right now the price action is sitting right on the trend line. Now if I was trading I would be following AJX pretty closely because it is a prospective buy for aggressive traders but more conservative traders would be looking for a confirming bounce from here. Of course a break down through the trend line is in the frame too but who knows?
Finished flat today which was good considering - so maybe there is a glimmer?
Daily COB November 20
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Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.62M |
Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 1.0¢ | $25 | 2.505K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 3123733 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 185205 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 3073733 | 0.010 |
2 | 266666 | 0.009 |
3 | 516044 | 0.008 |
1 | 200000 | 0.007 |
3 | 628000 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 185205 | 2 |
0.012 | 45455 | 1 |
0.013 | 240000 | 1 |
0.014 | 564269 | 2 |
0.015 | 1200 | 1 |
Last trade - 09.59am 02/08/2024 (20 minute delay) ? |
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AJX (ASX) Chart |