It is pretty clear to me when viewing this monthly chart. The bottom looks to be pretty clearly set, the monthly trend break out has occured.
https://www.investopedia.com/articles/trading/07/timeframes.asp
If you constantly look at daily or 15mins chart etc... you obviously are missing the bigger picture.
Also, it is pretty common knowledge that a daily chart perspective may influence the trader in a way the monthly chart does not (it might encourage them to trade more). I think taking all time frames into account is more logical.
May Chart, page-5777
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Last
1.8¢ |
Change
-0.002(10.0%) |
Mkt cap ! $60.66M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.1¢ | 1.8¢ | $131.2K | 6.839M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 859175 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 250000 | 1 |
View Market Depth
| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| MAY (ASX) Chart |