Great chart candle today
Volume is depleting more every day now down to a reopen low of 1.8M (was 17M-9M-7M-4M)
The volume tells us the short/capitulation sellers have gone and only longs remain.
The buying is not raising the price but the selling is not collapsing it so an equilibrium has been achieved.
today a small red bar candle with 0.1c body & 0.1c tail no wick
the smallest candle since re-open
nearly a mini dragonfly doji
daily chart shows a zig zag flooring pattern at 5.2-5.3, very positive
no arvo selloff and onscreen match very light in number and volume, very positive.
Those who wanted to sell are gone and those who a bargain buying are doing so.
the CR should boost cash at bank and allay fears of illiquidity
revenues increasing to $30M from $24M very positive, global sales and a factory to boot way better than BIT has.
This candle is supportive of a bullish rebound case when looked at in conjunction with the last few days bullish candles since the 4.8 low. A few more dragonfly dojis or small dojis/near dojis and this confirms a defined flooring pattern.
looks a good punt imho.
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Great chart candle today Volume is depleting more every day now...
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Last
$17.05 |
Change
-0.300(1.73%) |
Mkt cap ! $327.7M |
Open | High | Low | Value | Volume |
$17.00 | $17.44 | $16.95 | $184.6K | 10.84K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 191 | $17.15 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$17.50 | 500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 191 | 17.150 |
1 | 1460 | 17.000 |
1 | 196 | 16.950 |
1 | 682 | 16.910 |
1 | 42 | 16.900 |
Price($) | Vol. | No. |
---|---|---|
17.500 | 500 | 1 |
17.800 | 200 | 1 |
18.240 | 500 | 1 |
18.300 | 150 | 1 |
18.690 | 550 | 1 |
Last trade - 15.59pm 19/07/2024 (20 minute delay) ? |
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AVR (ASX) Chart |