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The falling knife scenario. All the moving averages are the...

  1. Stevious1
    900 Posts.
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    18/02/24
    12:43
    Post #: 72468529
    The falling knife scenario. All the moving averages are the wrong way around, there are more support levels below that it could drop to, pretty typical of this situation. I have seen a potential first signal for a bottom though
    A bullish divergence on the daily chart
    https://hotcopper.com.au/data/attachments/5969/5969249-a3125713adf685a6ef293882778b5b8d.jpg

    Looking a bit closer on the hourly chart
    https://hotcopper.com.au/data/attachments/5969/5969256-c34f862888fcbc41eb4932a9d54dab41.jpg

    Lets see how next week goes...
    BLG Price at posting: 3.4¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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