Gees I miss @mirren morning sector charts, they were so good in giving a fast indication of short term direction. Appreciate it was a huge workload.
Just doing some homework in prep for this coming week. Gees there's going to be a smorgasbord of Lithium stocks primed for a run but the sector continues to print lower highs and lower lows and a 50ema struggling to maintain it's position above the 200.
Volume has also fallen in the sector but I hear we're not supposed to work with volumes. (what a joker). An increase in volumes over numerous weeks will be a great indicator of a sector reversal IMO.
BIO sector is similar except appears more advanced with a tightening range and spurts of volume increasing. Kind of teasing everyone. Again the ASX is riddled with BIO stocks primed for a run. IMO.
Obviously these are weekly charts therefore the DT opportunities aren't displayed here but I'm sure you get my drift. When these sectors reverse it's game on IMO.
Cheers.
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