Your next price target of 33.5 cents has been done in US trading...

Your next price target of 33.5 cents has been done in US trading the second day with high volume.

Last ASX volume yesterday was 14.33 mio, last US volume today was 16.63 mio. So the tail wags the dog (US volume vs. ASX volume) ?
In US trading some indicators are in oversold territory ( RSI, MACD ... and especially right now Money Flow Index).
I've overlaid a 3-day chart with a parabolic SAR indicator. From Investopedia:
"The parabolic SAR indicator appears on a chart as a series of dots, either above or below an asset's price, depending on the direction the price is moving. A dot is placed below the price when it is trending upward, and above the price when it is trending downward".


In last US trading we closed "only" 46.75 % upwards after last ASX trading with 50 % upwards. Not bad as all after the first step, me thinks.

So is the second step a bad sign ? I don't know it either, it partly depends on the next ASX volumes.
What gives me courage? Last Money Flow Index in US was deeply oversold.
If the ASX volume gets stronger again, we have a good chance of breaking the downward trend again. Let's see what happens next.

Another sign also gives me hope. Maybe you know, what I wrote in another thread: Chinese New Year has just begun. The Year of the Dragon has begun.


The Dragon as a Yang Earth sign possesses resilience and confidence, and are “naturally lucky and successful” due to their intelligence and strong intuition.
Since 2024 is a Dragon return year, you’ll “have the power to turn your life around for the better” if you stay positive and believe in yourself.

So, what shall all of us do ?
Stay positive and believe in yourself and especially believe in the future of your ARR investment.
But remember, that's not invest advice, it's only the opinion of a small holder from Germany