Great day to say the least. Today's trade has nullified the bearish divergence on the daily shown earlier. Market has completely ignored the bear signal on the doji like it never existed and piled onto the first bull sign it saw. Our MA's across the board on all TF's have some really nice upward angle to them indicating the sheer strength of play here. The lack of pull backs(as in retrace not breathers), the volume, the lack of bear indicators, the bull indicators, the buying pattern and price action, and on another market down day all give a defensible indication that this is going to continue. There is also a massive Marubozo bull continuation candle on the daily.
Tomorrow has the potential to be as good if not better than today being on track to reach D3. The 261.8% fib should now be quite a strong support and I would like to see us come back to around 0.28-0.29 to test it again before we get too carried away. That may hot happen though, it may just keep going which won't be a bad thing. If I had a short term position (I don't, nor would I in this trend) I'd be inclined to wait and see if the price stalls at 0.335. If the hourly closes above it and then bounces off it I'd consider letting it run to just shy of the big one.As a little aside point - note how our major 423.6% is lined up with our short term 261.8%.
IMUGENE CHART. TA only, page-533
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Last
5.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $409.9M |
Open | High | Low | Value | Volume |
5.6¢ | 5.7¢ | 5.5¢ | $539.7K | 9.613M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 342857 | 5.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.7¢ | 571794 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 342857 | 0.056 |
28 | 4470167 | 0.055 |
12 | 1031301 | 0.054 |
14 | 833649 | 0.053 |
13 | 1225114 | 0.052 |
Price($) | Vol. | No. |
---|---|---|
0.057 | 571794 | 6 |
0.058 | 2019217 | 12 |
0.059 | 1441990 | 12 |
0.060 | 1822123 | 16 |
0.061 | 524330 | 5 |
Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
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