“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 moving average is just another technical measure, I can say it will bounce off EMA 20 from here or something.
”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.”
— On the day earnings were released we had a red candle, you want context for today's candle - we have a long Easter holiday and there were many factors contributing to today's red - back testing, some didn't want to hold shares for so long especially day traders, margin calls etc.
$2 party, page-12
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Last
$1.31 |
Change
-0.035(2.61%) |
Mkt cap ! $1.465B | |||
| Open | High | Low | Value | Volume |
| $1.34 | $1.35 | $1.30 | $12.38M | 9.417M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4999 | $1.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.31 | 14549 | 5 |
View Market Depth
| Last trade - 16.10pm 08/05/2024 (20 minute delay) ? |
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Last
$1.31 |
Change
-0.035 ( 3.24 %) |
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| Open | High | Low | Volume | ||
| $1.34 | $1.35 | $1.30 | 2199410 | ||
| Last updated 15.59pm 08/05/2024 ? | |||||
| ZIP (ASX) Chart |