AEV 0.00% 0.5¢ avenira limited

Hi, The thing with technicals is that, all those lines /...

  1. 261 Posts.
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    Hi,

    The thing with technicals is that, all those lines / oscillators other stuff is really what you make it.

    I'll show you something which I hope is although it is three price action indicators ontop of each other.

    Ichimoku - default settings - Bullish ( Price is over the Thin red line and faint red and green clous)

    Price Range 1 Year - Still in Bear territory as it is in the purple zone. The max is the green line and area the minimum is the orange line and purple area.

    Bollinger Band 5 Year look bank - Bullish - Price has stayed over the 5 year average November.

    Key Take aways,
    Around the 1.2 - 1.4c is a strong Base line.
    The upper Bollinger band and median of the range both exist on 2.4c
    When the price stays above 3.5c it will go for a huge run.

    I believe the price won't truly be long term bullish until its base is over 3.5c

    https://hotcopper.com.au/data/attachments/5400/5400741-5da47d7ad76cfee6abd16132806cb22b.jpg


 
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