Yesterday saw the daily bar fully outside the Bolly Bands for only the 2nd time this year.
The last 3 times the RSI dipped to these levels was on the back on reported news. Nothing this time, except perhaps a further souring of Sino-Australian relations.
Those here suggesting the price is falling on increasing volumes should remember the dollar value behind those numbers, IMO. Nothing out of the ordinary there.
I don't know where this will finally end up, but based simply on the RSI being where it is, and the bolly pattern, it will well and truly be on trader's radars now.
In any case, it is on mine.
Minimum +10-15% from around here, is my reckoning.
GLA
Chart Update, page-19570
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Last
$6.42 |
Change
-0.030(0.47%) |
Mkt cap ! $4.648B | |||
| Open | High | Low | Value | Volume |
| $6.50 | $6.52 | $6.41 | $5.011M | 777.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6632 | $6.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.44 | 300 | 1 |
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| Last trade - 16.10pm 14/10/2024 (20 minute delay) ? |
| A2M (ASX) Chart |