EXT 11.1% 0.8¢ excite technology services ltd

chart suggesting downtrend has eneded

  1. 1,044 Posts.
    Not sure how to post a chart here but based on my amateur skills, the period of weakness since the September high appears to have come to an end today.

    Some of +ve technical indicators I follow show:

    . a close above the downtrend line which on 3 previous occasions acted as resistance

    . a close above both the 7 and 13 days shorter term moving averages

    . the MACD & Stochastics have all turned up or crossed positively

    . the trend of lower highs on the daily RSI has been broken

    . a bounce of the 200 day ma and the 30 week ma

    . a double bottom $7.28 & $7.19 (not perfect but close enough)

    . volume has picked up quite strongly

    Perhaps eieo, robbbbb or haspete can confirm the picture for us.


 
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Last trade - 16.10pm 25/07/2024 (20 minute delay) ?
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