Strong close.... Rising bullishly of a basing consolidation...

  1. oke
    3,901 Posts.
    lightbulb Created with Sketch. 1087
    https://hotcopper.com.au/data/attachments/6740/6740165-3a380f024b8db0bddff8fc3bc7f2f399.jpg
    Strong close....
    Rising bullishly of a basing consolidation phase
    Rising green bar volumes as consolidation progressed - accumulation prevailed over distribution trades
    Closed above the ema(20) (green line) which last occurred late December and about to cross above the ema(50) as per mid November
    Closed on a Hammer candle so the pressure is higher prices
    MACD momentum indicator... well it doesnt get any better.

    https://hotcopper.com.au/data/attachments/6740/6740197-dc8ba6af7f102ffb13c010117aead437.jpg
    Last edited by oke: 16/01/25
 
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Last trade - 16.10pm 20/06/2025 (20 minute delay) ?
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