Hi all,
Monday's fall to major support, (volume by price bars on left side of chart), at 19.5c & close at the descending triangle's target of 20c was followed by a shift in momentum, (rising MACD), that saw the SP break back into the triangle & above the volume by price resistance.
An attempt to breakout through the triangle's resistance line failed with the SP returning to it's support.
A positive sign can be seen in the DMI+ crossing above the DMI- from below. However, a change in my short-term sentiment would require the following -
The SP needs to close above the red resistance line of the descending triangle, the MACD has to cross above it's signal line & the ADX has to rise 4 points, (with the DMI+ staying above the DMI-).
All IMO, DYOR
Regards
Chalea
- Forums
- ASX - By Stock
- blr chart
Hi all,Monday's fall to major support, (volume by price bars on...
-
- There are more pages in this discussion • 1 more message 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 BLR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online