Now TA is not my forte, but I reckon there would have been many a time in the course of that chart when players/forecasters might have gone maybe/maybe not. The longer term trend line touches 3-4 points so the next could be well ahead of this price point.
With that in mind I see the late buying of large parcels in the last session (that all but cleaned out the 19.5cent line) as in itself the clearest indicator of a reversal in sentiment. It went against the prevailing trend and I will be looking to see a positive close tomorrow as an indication that the fence-sitters and shorters are looking to take positions.
AIMVHO, esp.
chart analysis for beginners, page-17
-
- There are more pages in this discussion • 21 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add IMM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
34.0¢ |
Change
0.005(1.49%) |
Mkt cap ! $493.8M | |||
| Open | High | Low | Value | Volume |
| 33.5¢ | 34.0¢ | 33.0¢ | $1.220M | 3.642M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 57289 | 33.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 52306 | 3 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| IMM (ASX) Chart |