Bosto
Sharing with you a couple of thoughts on 4DX's chart.
After a promising debut the share price has completed a period of consolidation and is now returning to the launch pad.
So, what does the future hold? From a charting perspective it's hard to be positive in the short term. The downtrend is clearly established and from the chart below we see the 21 day MA moving average has crossed below the 100 day MA and appears set to cross below the 200 day MA. If that happens look for a base to be established and for early signs of a recovery.
The MACD and RSI indicators are both still trending down but the latter is moving into oversold territory indicating a slow down is on the way.
Read together it appears there is more downside to come but the downside from here is limited.
Not possible from the chart to comment on the longer term outlook.
Saggito
So, what does the future hold?
4DX Chart, page-156
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Last
63.0¢ |
Change
0.185(41.6%) |
Mkt cap ! $258.6M | |||
| Open | High | Low | Value | Volume |
| 58.0¢ | 66.5¢ | 53.0¢ | $4.659M | 7.693M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 20000 | 62.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 63.0¢ | 635 | 1 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| 4DX (ASX) Chart |