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$8.46 smartgroup corporation ltd

Chart - Breakout on Weekly Time Frame, page-5

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expectancy

408 Posts.

1

24/06/17

21:11

Post #: 25472793
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Originally posted by expectancy ↑

This post does not constitute a recommendation to buy or sell SIQ. It is for informational purposes only.

1. Price has closed for the week above a previous weekly swing point high ($6.89) - steady uptrend continues.
2. Strong weekly performance compared to the stock market - up 8.0% for the week. ASX200 Index was down 1.5%.
3. Price has closed above the top Bollinger Band on a weekly time frame for the first time in approx 9 months.
4. Weekly Directional Movement - DI+ line has crossed above DI- line.

Notes of Caution:
1. I would be careful buying breakouts in this stock. For the last 6 months it has been in a "creeping" uptrend where every time it breaks above a previous swing point high it then falls back below the high and retraces back to the green uptrend line shown on the chart below. It may be best to wait for a pullback before entering a position.
2. I believe the stock market is due for a correction in May therefore I would be careful opening any new long positions.

Weekly RSI Chart
View attachment 569067

Weekly Bollinger Band Chart:
View attachment 569073

View attachment 569076

Expand

Breakout above daily swing point high $7.00 on very strong volume.
Potential breakout above swing point high $7.33.

Daily Bar Chart

SIQ Price at posting: $7.28 Sentiment: Buy Disclosure: Not Held
2 Upvote

0 Great analysis

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(20min delay)
Last $8.46		Change 0.240(2.92%)		Mkt cap ! $1.131B

Open	High	Low	Value	Volume
$8.37	$8.58	$8.35	$5.223M	615.7K

Buyers (Bids)

No.	Vol.	Price($)
2	2454	$8.43

Sellers (Offers)

Price($)	Vol.	No.
$8.47	2825	2

View Market Depth

No.	Vol.	Price($)
1	1297	8.430
1	600	8.420
1	1297	8.410
2	1357	8.400
1	1297	8.390

Price($)	Vol.	No.
8.480	1289	2
8.500	1297	1
8.520	1297	1
8.530	1297	1
8.540	1297	2

Last trade - 16.10pm 06/06/2024 (20 minute delay)


Last $8.47			Change 0.240 ( 3.03 %)
Open	High		Low	Volume
$8.36	$8.57		$8.36	96477
Last updated 15.59pm 06/06/2024 ?

SIQ (ASX) Chart