Positives:
1. Downtrend line broken (but only for one day).
2. Current rally managed to get to approx 78.6% of range of prior downswing which was more than the previous rally ie each rally is pushing up higher and higher into each downswing (more & more buying pressure and less & less selling pressure)
Negatives:
1. Today is a bearish engulfing candle. Price has gone over yesterday's high and looks like it will close lower than yesterday's low. Therefore there is a high probability we will get a downswing next week or so. This is where the Bulls will have to show their support. I wouldn't like to see price fall back down to $2.23. We need to see a higher swing low.
Today's Intraday Candle Chart
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- Chart - Downtrend weakening ?
Positives: 1. Downtrend line broken (but only for one day). 2....
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Last
27.8¢ |
Change
-0.008(2.63%) |
Mkt cap ! $284.5M |
Open | High | Low | Value | Volume |
28.5¢ | 29.0¢ | 27.0¢ | $675.3K | 2.424M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
26 | 284406 | 27.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
28.0¢ | 94128 | 17 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 255402 | 0.275 |
33 | 705302 | 0.270 |
15 | 849265 | 0.265 |
12 | 309806 | 0.260 |
10 | 179501 | 0.255 |
Price($) | Vol. | No. |
---|---|---|
0.280 | 89729 | 16 |
0.285 | 407470 | 9 |
0.290 | 256543 | 5 |
0.295 | 313825 | 10 |
0.300 | 352732 | 14 |
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