IDT 4.55% 10.5¢ idt australia limited

On the hourly chart the gap is between 56 and 63.5 cents.You can...

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    On the hourly chart the gap is between 56 and 63.5 cents.
    You can see the hourly MACD chart (bottom chart) is trending back to 0. Which does not mean that the price will drop much at all (although it could). It certainly can happen that the price can bounce around 65 cents and the MACD trend down at the same time. You can see this effect in the trading history too, back in Mar 2021, after the rise from 19 cents to 43.
    But based on what I've seen in the past the SP is not going to rise while the MACD is going down so steeply.

    https://hotcopper.com.au/data/attachments/3504/3504459-c18c889872e9200a1af74e7cee9dfae3.jpg

    Last edited by adent: 24/08/21
 
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