I am also a learner myself and used the knowledge and experience what I have self taught over the years.
As you can see , Today we formed the same "Dragon Fly Doji" Candle what was formed on Friday. both the dojis are circled in black.
Formation of the Dragon Fly Doji on a down trend is a very bullish signal.
Then I also take into consideration the MACD and you can see the red bars at the end of the trading days are not getting bigger anymore and the signal (blue) line is about to turn and cross the green line above. You can see the MACD chart in the last week of august how it panned out and what happened to the share price after that.
Charts do help in predicting what may happen next based on the historical behavior, but it is not a guaranteed.
So far so good as far the charts are concerned.
as always DYOR!
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Last
42.0¢ |
Change
-0.005(1.18%) |
Mkt cap ! $761.8M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 44.5¢ | 41.5¢ | $2.435M | 5.697M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 819538 | 41.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 29052 | 2 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| BOT (ASX) Chart |