Just like to note that the market depth changed significantly about 10-30 mins after close of trade yesterday.
Significant Buy and Sell orders were pulled, reducing the depth - or the appearance of depth.
At close yesterday the Sells outnumbered the Buys and in my mind it looked like there was capping.
At open today the Buys outnumber the Sells and it's almost a free ride back to $0.58.
There is a single Buy order for 100,000 @ $0.555
And a the Sell side is showing 2 orders totalling 110,000 shares @ $0.555
My suspicion is that both will be pulled or will cancel each other out, suggesting a free run back to $0.58 is imminent.
I see support at $0.54 and main resistance at $0.60
(nb. This is from my CommSec app, ANZ share investing and other platforms show more info)
Let's see what happens.
Be good to hear from those versed in TA
Personal opinion, pure speculation, DYOR, seek professional advice, I'm no expert etc
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