hi cast, as @Dr.Seuss has spotted that latest 4bar combo is in isolation a bullish looking setup
also potential support from (at the time) those high volume bars to the left
BUT those bars that are circled in red imo look like a typical distribution phase.
It may not be but it certainly has that feel about it, this recent downtrend had all its potential bullish signs squashed so therefore if this little setup can break that current trend one just never knows ... and with that looking forward I'd be looking for at least a confirmed higher low as further (MT) confirmation
hi cast, as @Dr.Seuss has spotted that latest 4bar combo is in...
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Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.27M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.9¢ | 0.8¢ | $693 | 78.87K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 6884635 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 12882234 | 15 |
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| Last trade - 15.46pm 19/07/2024 (20 minute delay) ? |
| EXT (ASX) Chart |