When the share price moves back upwards through the 200 day MA (Moving Average), its a slow lagging indicator (200 days) and is seen as confirmation of a trend reversal. The opposite is true when the Share Price goes downwards through the 200 day MA and is called a Death Cross. A golden cross can also be when the 50 day MA moves through the 200 day MA, but I prefer to use this one - there is a little more risk, but higher profits to be made.
Volume at this point helps strengthen the indicator, as without volume it may have accidentally drifted through this point anyway but is prone to a reversal.
In sum, its a very strong indicator that the fortunes of YOW.ax have finally reversed.
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Last
2.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.275M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 118344 | 2.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.4¢ | 3676 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 118344 | 0.023 |
2 | 116114 | 0.021 |
1 | 161662 | 0.016 |
1 | 350000 | 0.015 |
1 | 100000 | 0.010 |
Price($) | Vol. | No. |
---|---|---|
0.024 | 3676 | 1 |
0.025 | 156545 | 1 |
0.026 | 18498 | 1 |
0.028 | 44879 | 2 |
0.030 | 90994 | 4 |
Last trade - 11.00am 18/09/2024 (20 minute delay) ? |
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YOW (ASX) Chart |
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