s1nb4d. Good morning.
The blue line on the main chart is the average price of Li spot for the previous 21 sessions & will follow the spot to wherever it goes, as does the Moving Average Convergence/Divergence (MACD). The other two are price oscillators and show when a stock is oversold or overbought & move between 0-100 when price is choppy.
These oscillators can stay in the overbought/oversold areas for days/weeks when a stock is in a strong trend, either up or down.
Think about a car's speedometer, the dial goes to say 160khr. but the car may be capable of 200.
This is one of the quirks of technical analysis, knowing what indicators to use & when.
In a nutshell then, if the spot price continues on this same trajectory, we can expect the oscillators to stay overbought & disregard them & watch the trend following MA & MACD
Good question .......... hope this helps.
imo
2024 Charts, page-1434
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Last
3.5¢ |
Change
-0.002(5.41%) |
Mkt cap ! $50.95M | |||
| Open | High | Low | Value | Volume |
| 3.7¢ | 3.7¢ | 3.5¢ | $100.7K | 2.799M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 3180036 | 3.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.6¢ | 100234 | 3 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| AGY (ASX) Chart |