Also if following Elliot Waves, which is completely possible. We...

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strateg1c8

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21/02/24

11:43

Post #: 72513063
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Originally posted by strateg1c8: ↑

Let's start a charting thread for ACW considering it has a decent amount of liquidity.

After a nice little rise, I've wondered how much gas is left in the tank. Is the biotech sector turning? Is this just a traders dream with 1.9b SOI? Anyways, I'm no charter but like to get other peoples insights and views, here's a very, very basic chart.

The SP wicked outside the bollies last week, which is never a good sign, and as always dropped back into them the following days. We want to see the SP tracking nicely along the medium bollie line.

The SP is currently touching the SMA, which is a nice sign that consolidation may continue until the next leg up. Still no confirmations to make a trade if that's what you're looking for. Volume has also decreased which is more of an indicator of consolidation.

MACD is also turning which means w might see an SP decrease in the short term. But from the past it has looked similar and then increased again.

Anything is possible though, I'd be consolidating between this price and 3.5c if you can snag that price.

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Also if following Elliot Waves, which is completely possible. We would be looking at a retrace to 3.4c before taking off to 5.1c, 5.3c, or 6.1c for W2 targets at the 38.2, 48, and 50 ratio targets. This is using the 52 week high and low prices.

ACW Price at posting: 4.1¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 2.0¢		Change 0.000(0.00%)		Mkt cap ! $63.54M

Open	High	Low	Value	Volume
2.1¢	2.1¢	1.9¢	$89.16K	4.345M

Buyers (Bids)

No.	Vol.	Price($)
2	930170	2.0¢

Sellers (Offers)

Price($)	Vol.	No.
2.1¢	694274	3

View Market Depth

No.	Vol.	Price($)
2	930170	0.020
20	2054654	0.019
13	3396183	0.018
5	3755999	0.017
5	1725000	0.016

Price($)	Vol.	No.
0.021	694274	3
0.022	1783271	10
0.023	1501055	6
0.024	242037	5
0.025	896667	4

Last trade - 16.10pm 16/06/2025 (20 minute delay)

ACW (ASX) Chart

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Featured News

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Featured News