Well I couldn't think of a better time to post an update of my 4DS VSA chart. See daily chart below. Ultra-High Volume traded today with 119.9 Million (pre Post-Market Close Auction) on the ASX and another 48.4 Million on Chi-X. I spent most of the day wondering whether we were going to be subjected to another pump and dump like the one that occurred back on 30/09/2019. I had to wait till mid-afternoon to see what VSA indicator popped up on today's bar. Back on 30/09/2019 the VSA signal was "Buying Climax", a sign of weakness", and the following price action was down. Today's signal is "Absorption Volume" which is a "sign of strength" which suggests that we have just seen a re-rate of the 4DS SP. The general VSA theory tells us to be ready to see some testing for Supply below today's Close 7.3c level in the coming days. I also noticed an H&S pattern that seems to meet most of the pattern rules. The pattern price targets are shown on the chart. Note that the 100% level is the same level as the High of that old "Buying Climax" bar.
I really do hope that this is a genuine re-rate for 4DS, it is about time. Good luck everyone - All IMO.
4DS Chart for Long Term Holders, page-356
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Last
7.5¢ |
Change
0.004(5.63%) |
Mkt cap ! $132.2M |
Open | High | Low | Value | Volume |
7.4¢ | 7.5¢ | 7.1¢ | $57.97K | 790.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 346111 | 7.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.5¢ | 248999 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 73000 | 0.072 |
1 | 14084 | 0.071 |
4 | 244441 | 0.070 |
4 | 523903 | 0.069 |
8 | 841250 | 0.068 |
Price($) | Vol. | No. |
---|---|---|
0.075 | 248999 | 1 |
0.076 | 116553 | 2 |
0.077 | 92948 | 2 |
0.078 | 12000 | 1 |
0.079 | 111279 | 2 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
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