Hey all, a quick post of how I am viewing the chart atm, I generally set rising trend lines off the high volume days, as this is where momentum begun.
SP is currently trying to find support in what was the previous resistance zone prior to break out with high volume on the 7th Nov.
If SP drops below the rising TL into ~6c I would expect to see some support there, if not then it would start to look ominous, currently I think it still looks good as sell pressure reduces and a couple of lower wicks are created on the daily time frame.
Also note 7c is the low of the high volume day back on Nov 7, the low of the recent structure.
NIS chart, page-550
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Last
1.3¢ |
Change
-0.001(7.14%) |
Mkt cap ! $6.623M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.3¢ | $7.579K | 583.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 2143582 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 1450968 | 6 |
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| Last trade - 15.46pm 11/11/2024 (20 minute delay) ? |
| NIS (ASX) Chart |