Pretty notice chartist and first time posting in a chart thread so take what I post with a grain of salt. The following is my short term view and support/resistance lines I'm focused on.
Clear break down on the 61% fib today likely following the broader market. I have 40c pencilled in as a decent historical (and a bit of a psychological) support with the nearby 78% fib reinforcing it a tad. Failing that, the long term trend sits at about 37.5c. So it's approaching multiple levels of support which should hopefully hold it a bit more steady following 4 pretty big red days in a row. I don't tend to look at RSI signals but I can imagine it in or very close to oversold levels.
As the broad markets have quite a big influence on sentiment these days, I'm also keeping a eye on the XAO (weekly chart below). Today we just touched a pretty key line in support and have bounced off it a bit (and holding steady on the intraday charts). May signal a reversal for at least the short term.
May be a good trade/top up point around here as we've looked to hold pretty steady at 39.5c/40c mark today. Otherwise, 37.5c may be a safer for those more cautious.
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Pretty notice chartist and first time posting in a chart thread...
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Open | High | Low | Value | Volume |
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---|---|---|
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6 | 145465 | 0.079 |
6 | 577820 | 0.078 |
1 | 20000 | 0.077 |
3 | 160000 | 0.076 |
Price($) | Vol. | No. |
---|---|---|
0.081 | 176753 | 2 |
0.082 | 446400 | 4 |
0.083 | 111144 | 2 |
0.084 | 89842 | 2 |
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Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
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