Perhaps so.. but in this case the spinning top can be interpreted as a positive signal as it may indicate some weakness In the current downswing (I.e early signs of exhaustion)
Tomorrow's candle should either spread upwards right away or alteratively produce a tight spread low volume day first to signal a low supply setup if our reversal theory is correct.
Either way I'm in this with a tight stop so if a negative signal comes up il be stopped out.
Chart & signal, page-38
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11.3¢ |
Change
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Mkt cap ! $235.0M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.0¢ | 11.0¢ | $1.272M | 11.04M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 89 | 4496643 | 11.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 1485978 | 43 |
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| Last trade - 15.38pm 16/07/2024 (20 minute delay) ? |
| CXO (ASX) Chart |