4DX 0.83% 60.5¢ 4dmedical limited

For those that are interested in TA. The Fib levels below...

  1. 671 Posts.
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    For those that are interested in TA.  The Fib levels below reflects  a deep pull back to  just below 61% FIB level  at $2.17 which is  a bit of a concern.  Normally if 78%  (at $1.95) retrace doesn't hold then probability to retrace  in full is very high which result in a move back to support zone at $1.65 to $1.75. Ideally  if we want an up  trend  to be intact then we need a lower high  to form above support zone. We have 5 consecutive  down days,  previously we had 7 consecutive down days before down trend have been interrupted.  I suspect if we have a relative light volume  and down day tomorrow a higher low could  form if we have heavy volume  down day tomorrow it will be indicative of selling is still strong and no change in down trend.  The stochastic indicates oversold condition with RSI still above 50  so that is  still bullish.
    However I think we are nearing a turning point and ideally would like to see a price no lower than $1.95. The future potential for this company is huge however it will take time to materialize it and investors might get impatient.  At the  moment we are buying the blue sky/ dream/promise. GLTA
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Last
60.5¢
Change
0.005(0.83%)
Mkt cap ! $236.7M
Open High Low Value Volume
62.0¢ 62.5¢ 59.5¢ $215.2K 352.5K

Buyers (Bids)

No. Vol. Price($)
1 2369 60.5¢
 

Sellers (Offers)

Price($) Vol. No.
61.0¢ 1000 1
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Last trade - 16.10pm 26/04/2024 (20 minute delay) ?
Last
60.5¢
  Change
0.005 ( 0.62 %)
Open High Low Volume
60.0¢ 62.5¢ 59.5¢ 66870
Last updated 15.59pm 26/04/2024 ?
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