Pixie
In one of my earlier posts a weekly chart for IPD. I mentioned the possibility of the weeks hi-lo candle trading entirely above the 10WMA and that when this happens its usually a very bullish sign. It usually turns into a multi-week run and the bullish signal is not turned off until the Hi-lo candle is entirely below the 10WMA.
Have a look at my chart and you can see that the last time it happened ( The bullish run) was the week of the 17 of September then rose to peak in the following 16 weeks. It was turned off in the week of the 4th of February (creating a bear run) so that for the following 28 weeks the SP fell without closing entirely above the 10WMA which happened last week. Have a look.
cheers Lies
https://finance.yahoo.com/chart/IPD...iY2hhcnROYW1lIjoiY2hhcnQifX19LCJyYW5nZSI6e319
Chart
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Last
5.5¢ |
Change
-0.001(1.79%) |
Mkt cap ! $111.2M | |||
| Open | High | Low | Value | Volume |
| 5.7¢ | 5.7¢ | 5.4¢ | $43.81K | 805.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 150000 | 5.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.5¢ | 333033 | 2 |
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| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| IPD (ASX) Chart |