ATS 0.00% 1.0¢ australis oil & gas limited

A yuck few weeks but the chart is giving some signals on what...

  1. 481 Posts.
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    A yuck few weeks but the chart is giving some signals on what may come.

    - clean bounce off the 200 day moving average (black line) today. Hopefully that can continue to act as support, which would mean the low is in or very near.

    - the trendline (blue line) has neatly guided the price lower these past few weeks. A break through this line on volume would line up nicely with the MACD and stochastic indicators becoming positive. This combination of events often results in a strong bounce upwards

    https://hotcopper.com.au/data/attachments/3824/3824628-0f955ba10a956f75ba7b900e9c284cff.jpg

 
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Last trade - 11.45am 15/08/2024 (20 minute delay) ?
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