LIT ETF
Some really positive signs here with the LIT ETF, the 9 ema has finally closed above the resistance level and volume has increased slightly. Is it clear skies yet? Definitely not. I pulled my finger out and got an hourly chart from elsewhere which shows that the high 3 daily bars ago appears to be the end of an impulse sequence with a bearish divergence on the 1 hour chart, as I suspected. Now that the price and 9 ema are both over the 62% fib we want to see this correction find support on the 62 fib (backtest), continuing upwards to break that trend line and the 200 ema. If that area is broken through, this should have no trouble reaching the target area and higher fib level which, if broken with the 9 ema above will confirm the larger wave 3.
My opinion, this is not far from a very big breakout to the upside.
Daily chart
1 hour chart
LIT ETFSome really positive signs here with the LIT ETF, the 9...
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Last
3.7¢ |
Change
-0.001(2.63%) |
Mkt cap ! $53.86M | |||
| Open | High | Low | Value | Volume |
| 3.8¢ | 3.8¢ | 3.5¢ | $359.1K | 9.763M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 2015083 | 3.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.7¢ | 157403 | 2 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
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