G'day Newjo
Before any reversal of trend (as opposed to a bounce) I would "typically" expect some oscillator divergence, indicating the pilot is pulling back on the stick even though an upward trajectory has not yet materialized. This typically comes in the form of high lows on the rsi despite equal or lower price lows. Until the downtrend line (currently at about 7c) is broken I think successful tactics would be
by on weakness sell on strength (traders)
by on weakness sell if lows broken on a closing basis (story lovers)
Potentially a tweezer bottom in the making today, but not yet fitting my perfect turn around image
cheers
Rod
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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1 | 280000 | 0.049 |
2 | 1180000 | 0.048 |
1 | 100000 | 0.046 |
2 | 99092 | 0.045 |
Price($) | Vol. | No. |
---|---|---|
0.052 | 100000 | 1 |
0.055 | 41000 | 2 |
0.059 | 18871 | 1 |
0.060 | 210909 | 3 |
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