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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Last
9.5¢ |
Change
-0.003(3.06%) |
Mkt cap ! $203.0M | |||
| Open | High | Low | Value | Volume |
| 9.7¢ | 10.0¢ | 9.4¢ | $1.266M | 13.10M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1264445 | 9.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.6¢ | 600000 | 2 |
View Market Depth
| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| CXO (ASX) Chart |