Looks like the fall of the SP has been stopped at the 4.1c level. This level has historical significance as it was the support level that was set shortly after the Ultra-High Volume breakout back on 25/10/2017. This level is highlighted on the daily chart shown below. The 200MA provided support from 10/04 but failed on 28/05 after the SP couldn't break through the 50MA.
Its a shame to see the SP back at these low levels again but hopefully the 4.1c level proves to be a base. one encouraging observation is the positive divergence between the SP and the Short Term Momentum indicator (red line in panel above the Volume panel). I've highlighted the divergence with arrows. This divergence is a potential leading indicator. It would appear that Long Term Momentum (the green line) is now turning up as well.
Good Luck to all Holders - and remember DYOR before making a trade.
4DS Price at posting:
4.2¢ Sentiment: Hold Disclosure: Held
