Here is my take on this afternoon close....
I know that house was moving "rooks" around....
As mentioned before on 1 hour chart, we are maneuvering nicely in the bands(Bollinger bands). Below, on the Daily Chart, you can see we are what many call - "Walking the Bands"... moving to the upper band is always a show of strength.(red band).
I would rather a close at 9c or above but, at 8.7c, we are still looking extremely pretty...look at the chart... we are in a nice, not crazily overbought.... just nice and steady climbing up.
The nice thing about rising on a "controlled" environment is that we can correct our trajectory in the same day or in 1-2 days.... no shooting up crazily and have to wait 3-5 days for a nice correction before the next leg up...if you know what I mean.
That house working now, is doing a good job IMHO...... so when we do get another TH or a very positive news, we can run up nicely without over reacting.....
Daily Chart
I am looking forward to the next TH Scott.... u know that.......
GLTA
T10
IVZ Chart, page-358
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Last
8.7¢ |
Change
-0.003(3.33%) |
Mkt cap ! $123.3M | |||
| Open | High | Low | Value | Volume |
| 9.1¢ | 9.1¢ | 8.6¢ | $376.3K | 4.239M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 229849 | 8.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.8¢ | 117089 | 2 |
View Market Depth
| Last trade - 16.10pm 01/08/2024 (20 minute delay) ? |
| IVZ (ASX) Chart |