it's similar but not the same. In that case yes the candle did breach the ten day moving average. It then bounced off the 30 day moving average. The 30 day average now is down at 1.15 and I would be very interested to see if that gives support. I think it will because history tends to repeat.
But the context your post is missing is that this candle you have circled also was the same day as earnings were released. That is an important point that wasn't featured in your post.
it's similar but not the same. In that case yes the candle did...
Add ZIP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.29 |
Change
-0.020(1.53%) |
Mkt cap ! $1.449B | |||
| Open | High | Low | Value | Volume |
| $1.33 | $1.33 | $1.29 | $7.003M | 5.373M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 111737 | $1.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.30 | 10000 | 1 |
View Market Depth
| Last trade - 16.10pm 14/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$1.29 |
Change
-0.020 ( 1.57 %) |
||||
| Open | High | Low | Volume | ||
| $1.33 | $1.33 | $1.29 | 1519993 | ||
| Last updated 15.59pm 14/05/2024 ? | |||||
| ZIP (ASX) Chart |