A double bottom really can’t be discounted, page-3

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georgeaux

11,145 Posts.

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30/05/25

16:14

Post #: 79255272
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Originally posted by tomboy ↑

a close below 22.45 - 22.38 is bearish
a higher red candle close with another long 50c red tail
that 21.50 test on daily lows last 2 days was a real doozy

the 23-24 ledge has been broken and proven a false ledge & its trading below it for 3 days now
secondary rounding top pattern completes at 20-21 on the monthly chart
volume dropped away also under 2M on ASX
another low low closing looks like around 2220
its now below the 12 May close 2281, prior close to that was 21.06
head and shoulders pattern formed with defined mountain top sell zone at 27 area with floors at 20-21 as 23-24 has not held

MACDs are now -0.28 (down from -0.21 & -0.13)
RSI now 47.36 (down from 48.78 50.16 56.67)
both RSI MACDs are now at levels not seen since 18.25 close when RSI was then 39.69, bearish
meaning RSI has further space to fall & momentum to downside increasing

AI robot shorter sees this and smells this
I expect a massive SHORT attack next week with 200c daily move L_V daily chart as they target that 20-21 level.
IOP drop to 103 and BEAR SEASON start June not helping either.

SHORTS in charge,
I was SPOT ON about the BULL TRAP forming
BULL TRAP SPRINGING.

Trading Rule 3
dont buy on the downside, you dont know where the low will be
dont catch the falling knife
wait for the floor, it will be boringly obvious with no interest

Expand

...'SPOT ON' yet again TB !...

...how good is this guy ?!!

MIN Price at posting: $22.19 Sentiment: Hold Disclosure: Held
8 Upvote

1 Great analysis

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(20min delay)
Last $23.10		Change -0.800(3.35%)		Mkt cap ! $4.686B

Open	High	Low	Value	Volume
$23.52	$24.29	$23.05	$36.92M	1.557M

Buyers (Bids)

No.	Vol.	Price($)
2	198	$23.10

Sellers (Offers)

Price($)	Vol.	No.
$23.11	404	6

View Market Depth

No.	Vol.	Price($)
4	287	23.060
2	449	23.050
4	901	23.040
3	864	23.030
5	1200	23.020

Price($)	Vol.	No.
23.080	316	6
23.090	1125	13
23.100	954	5
23.110	3477	13
23.120	1830	10

Last trade - 13.42pm 16/06/2025 (20 minute delay)

MIN (ASX) Chart

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