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4.1¢ morella corporation limited

AJM Chart, page-4731

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countrychick

714 Posts.

88

29/09/18

10:18

Post #: 35926340
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Originally posted by h00ts ↑

All you have to do is look at the chart I posted the trend is plain to see - Dojis , inside days bullish haramis and other 1 or 2 day candlestick patterns are not particularly reliable but they can give early signals the bottom may be in - Bill Mclaren has said that counter trend rallies can go for up to 7 days with the norm being 3 to 5 days.

While there may be some green shoots appearing its too early to call a trend change - As long as it doesn't make a fresh low . the chances of a trend change are increasing but the trend change maybe simply be to a sideways consolidation ( accumulation ) phase or it could break resistance and start a new up trend - The picture should be a lot clearer by the end of next week

Short term buy signals appearing !

I really do not like the site linked below as its notorious for whipsawing the link above is the best of the computer generated T/A tip sheets ( IMO)

Bullish Harami !

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Thanks for the explanation Hoots, that is much more informative than 'there is no good news". Like you said, we've been in decline for some time, so even going sideways for a while would be good news IMO.
Best regards
CC

AJM Price at posting: 23.5¢ Sentiment: Buy Disclosure: Held
9 Upvote

0 Great analysis

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(20min delay)
Last 4.1¢		Change -0.003(6.82%)		Mkt cap ! $10.13M

Open	High	Low	Value	Volume
4.4¢	4.4¢	4.1¢	$6.658K	156.4K

Buyers (Bids)

No.	Vol.	Price($)
3	115822	4.1¢

Sellers (Offers)

Price($)	Vol.	No.
4.4¢	52944	2

View Market Depth

No.	Vol.	Price($)
3	115822	0.041
8	308583	0.040
1	18000	0.039
1	50000	0.037
1	16500	0.036

Price($)	Vol.	No.
0.044	52944	2
0.045	105556	4
0.046	21739	1
0.047	45000	1
0.048	20833	1

Last trade - 16.10pm 31/07/2024 (20 minute delay)

1MC (ASX) Chart