ALV 10.0% 11.0¢ alvo minerals limited

IMO it was a good day and the sell orders got soaked up (with...

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  1. 1,023 Posts.
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    IMO it was a good day and the sell orders got soaked up (with someone/s accumulating?) well IMO.
    To me this shows there really is market interest in ALV and the confirmation ANN of ionic clay is important.

    More shares were traded today compared to yesterday, but today's VWAP was higher.
    I actually think it would be healthier for the SP if it went sideways for a bit...... That's just my opinion.

    I'm not a TA expert by any means; however, I've picked up some basics along the way as I find it interesting how TA can tell a story.

    So I'll have a crack at it.

    (Yesterday)
    VWAP: 22.0
    Volume: 931,546

    (Today)
    VWAP: 22.6
    Volume: 966,88


    On the Daily time-frame:

    • RSI rising
    • Candles: Higher low and higher high candle today
    • Yesterday's candle broke through the 200 MA (1st time since 21/03/23)
    • The 20 MA today crossed above the 50 MA (1st time since 08/06/23)

    https://hotcopper.com.au/data/attachments/5709/5709363-7479d49384fffc23a2e5a6707149558e.jpg

    On the Weekly time-frame:

    • RSI rising
    • This week's candle broke through the 50 MA
    • This week's volume broken through average Weekly volume (not yet updated on chart)

    https://hotcopper.com.au/data/attachments/5709/5709390-d0b90262d8016f8a4706942b465b228b.jpg

    On the Monthly:

    • This month's candle broke through the 20 MA
    • RSI rising again

    https://hotcopper.com.au/data/attachments/5709/5709403-84e5957bf483c4a69939b0c49205435a.jpg

    I'm sure there are many others here who will have spotted other signals and indicators, but these are a few I've noticed.

    I think next week (from a TA perspective) will be interesting.
    IMO, next week, the Weekly candle will break through the 20 MA (if it does, it will be the 1st time since mid Aug this year)

    Feel free to pull me up on any faults etc
 
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