Things are looking wobbly for me from a TA perspective:
- Another potential close today (red candle) below the 100D EMA level (~6.22).
- MACD continuing to show downside momentum.
- Potential close today below a key psychological level @ 6.00.
As someone already mentioned before, we are entering a high volatility market at the moment (CBOE Volatility Index has been up considerably over the past 2 days) due to the US election looming and failure for additional stimulus to be announced prior to the election day.
Hard to say at this point if we have bottomed, but there seems to be a higher probability that we have not. How this trades leading up to Friday will be crucial IMHO.
DYOR.
Things are looking wobbly for me from a TA perspective:- Another...
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Last
$1.79 |
Change
0.180(11.2%) |
Mkt cap ! $2.011B | |||
| Open | High | Low | Value | Volume |
| $1.66 | $1.82 | $1.63 | $76.45M | 43.84M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 700 | $1.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.79 | 29305 | 1 |
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| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |