Generally if there is a candle completely above the top bollinger band it is a sign of a top or the market just getting a bit too far ahead of itself. The candle today could have more significance because it is right on a key resistance level. IMO, if it doesn't close on or near the high but is still outside the bb, it is likely a top, requires confirmation though.
We are looking for a weight of evidence to be in our favor and there are just a few negatives shaping up in the short term.
May Chart, page-5932
-
- There are more pages in this discussion • 6,962 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MAY (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
2.4¢ |
Change
0.002(9.09%) |
Mkt cap ! $80.88M | |||
| Open | High | Low | Value | Volume |
| 2.2¢ | 2.4¢ | 2.2¢ | $123.7K | 5.384M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2419592 | 2.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.4¢ | 3008000 | 13 |
View Market Depth
| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| MAY (ASX) Chart |