Two Doji Candles in a row - the likelihood of getting a third is very low which begs the question, do we finish up or down?
US had a strong start last night and got sold down throughout the session, our futures pointing to a slightly red open too.
The area around 16.5-18 is very significant as that's where we topped out last time in feb 21' - so there was always going to be a stall around this region.
Bot needs a news event to get through this level or simple some time to create a pattern at highs. Definitely looks like its creating a springboard and volume is slowing down (while it holds recent highs - this tells us sellers are drying up). A move higher will naturally happen after some time - either when sellers run out of shares, or news pushes us higher. I think it will be the former and wouldnt mind to see a small dip - the springboard has to go down before launching you into the pool.
Ideal scenario in my head would be a small pullback to put in some more constructive candles around the 16 mark.
However, I have underestimated the recent strength of Bot once already this week. Ready to add at 15.5/15 just in case.
JD
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Last
33.3¢ |
Change
0.003(0.76%) |
Mkt cap ! $531.6M |
Open | High | Low | Value | Volume |
33.0¢ | 34.5¢ | 33.0¢ | $1.358M | 4.025M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
52 | 1203559 | 33.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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33.5¢ | 120065 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
52 | 1203559 | 0.330 |
6 | 207508 | 0.325 |
14 | 559000 | 0.320 |
8 | 142576 | 0.315 |
12 | 192336 | 0.310 |
Price($) | Vol. | No. |
---|---|---|
0.335 | 120065 | 16 |
0.340 | 109278 | 4 |
0.345 | 249526 | 5 |
0.350 | 589958 | 12 |
0.355 | 866194 | 10 |
Last trade - 14.19pm 18/06/2024 (20 minute delay) ? |
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Last
33.3¢ |
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Change
0.003 ( 0.92 %) |
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Open | High | Low | Volume | ||
33.0¢ | 34.5¢ | 33.0¢ | 1831229 | ||
Last updated 14.39pm 18/06/2024 ? |
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