Interesting chart. Convergence of several things make this a retracement entry point upon getting a next strong green candle:
1) Upward trend line (red line) starting on lows during 28 Nov 18
2) Resistance of previous high on ~21 Feb 19 (red shaded box)
3) 0.5-0.618 retracement Fib line, which interestingly enough has been obeyed in the last 2 run ups
4) Perhaps less significant is the 50MA, which historically hasn't been a good support.
I'd place a tight stop loss in case of reversal in overall trend, as the recent falls have been large in magnitude with volume picking up, perhaps signalling change in sentiment.
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Last
$131.78 |
Change
-2.460(1.83%) |
Mkt cap ! $13.76B |
Open | High | Low | Value | Volume |
$135.00 | $135.64 | $129.62 | $56.72M | 430.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 253 | $131.77 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$131.84 | 408 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5 | 131.700 |
1 | 7 | 131.010 |
1 | 76 | 130.500 |
1 | 19 | 130.100 |
1 | 87 | 130.000 |
Price($) | Vol. | No. |
---|---|---|
131.840 | 249 | 2 |
131.880 | 50 | 1 |
132.000 | 38 | 1 |
133.300 | 200 | 1 |
134.000 | 309 | 2 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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