4DS 1.14% 8.9¢ 4ds memory limited

4DS chart, page-4010

  1. 265 Posts.
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    My amateur reading of the chart is as follows:
    - AO and MACD are slightly negative. This isn't showing much as volume has been low for a while, just indicates a general trend downwards.
    - RSI meandering along in the middle, neither overbought nor oversold.
    - Only real thing of significance is the bollinger bands are getting very narrow, indicating a possible near breakout, either up or down.
    - This, combined with expected news soon, makes me expect that if the news is good and the breakout is the same size as the one back in Feb, I see a target price of 9.6c.
    - If news is bad, back down to around the 6c level.

    Interested to hear feedback from the more experienced chartists amongst you.

    https://hotcopper.com.au/data/attachments/1552/1552685-d306aadcbf65ac057585371ec9ef74b4.jpg


 
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