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ASN Chart, page-5944

  1. 2,605 Posts.
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    Not too much to worry about unless you're trading it. We need a bit of a cool off


    short term view:
    Low volume move out of our short term upward trend. Could be the start of the consolidation period.
    It's closed on support which is a good sign
    A close below support I'd hope the MA 20 pink or 60 blue can act as a dynamic support. Traders may enter again for a bounce trade
    If we had a few more pips down on the hammer wick it would have been considered a bullish indicator too short term that the trend was continuing


    https://hotcopper.com.au/data/attachments/4602/4602440-4428ff9c64fbb37e75b3fe332486115e.jpg


    Long term view:
    The 200MA (yellow) is still pointing north giving a longer term bullish signal as the price is still sitting well above it. If the price falls below this our longer term trend is pretty much over as per dates: 14.06-19.07 when we last went below before taking off again. This also means a pull back to 12.7 could still be possible and be considered bullish if it bounces from here . Which you'll commonly see before other attempts at break outs below.

    the 200MA and 60 also crossed which is a bullish indicator longer term

    https://hotcopper.com.au/data/attachments/4602/4602445-c5c6109dbfb6be141854eb6c0ffddc90.jpg
 
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Last trade - 16.10pm 26/07/2024 (20 minute delay) ?
ASN (ASX) Chart
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