Interesting interpretation on the bollie, to me when the lower band reverses it signals decreased volatility as evident in the volume drop, it's a volatility indicator after all.
I do agree however, current outlook is bearish from a chart perspective, in fact at current prices anyone who bought after Jun-2022 would've been in the green these past 2 weeks, it makes sense to at least lock in some profits, which is what we're seeing this past week in my opinion.
Personally, I would like to see it re-test the fib levels (red zone) which happen to coincide with a previous resistance level. A bounce from this level and there's a good chance it'll run towards the 10c mark again.
A sustained bull trend should always see SP retraces back to support zone before buying kicks in again, it's healthy price action. People like to compare this to the 2018 run, but has anyone pointed out the retracement of the first leg up in 2018 also hit similar levels before it rebounded?
Oct-2023
Oct-2018
Regardless we should find out "in the very near term", GLTA
Hez
- Forums
- ASX - By Stock
- BIT Charting
Interesting interpretation on the bollie, to me when the lower...
-
- There are more pages in this discussion • 1,168 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BIT (ASX) to my watchlist
|
|||||
Last
2.6¢ |
Change
-0.001(3.70%) |
Mkt cap ! $23.46M |
Open | High | Low | Value | Volume |
2.7¢ | 2.7¢ | 2.6¢ | $8.415K | 322.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 2.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.7¢ | 37530 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 0.026 |
7 | 804946 | 0.025 |
2 | 3453333 | 0.024 |
1 | 130000 | 0.023 |
4 | 825000 | 0.022 |
Price($) | Vol. | No. |
---|---|---|
0.027 | 37530 | 1 |
0.028 | 145600 | 2 |
0.029 | 260000 | 2 |
0.030 | 49844 | 3 |
0.031 | 280868 | 5 |
Last trade - 15.23pm 16/08/2024 (20 minute delay) ? |
Featured News
BIT (ASX) Chart |