I thought I would provide a bit of my thoughts so far.
From a fibonacci perspective I think the key resistance is obviously 0.40 and the next target and resitance is 0.47.
From an elliot wave perspective I feel that we haven't completed our 5 wave impluse. I would expect this to occur next week and potentially touch the 0.47 mark.
I say this as the 3rd wave is the large upward bar- and we are currently consolidating in the 4th wave.
I will say again how impressed I was with the lack of Friday afternoon sell off- showing the strength in demand for this security.
From a purely technical perspective I would conclude that this run isn't yet finished and next week should see 0.47.
That is why I sold out today- but then bought back in prior to close.
- Forums
- ASX - By Stock
- chart
I thought I would provide a bit of my thoughts so far.From a...
-
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add EGR (ASX) to my watchlist
(20min delay)
|
|||||
Last
9.7¢ |
Change
0.002(2.11%) |
Mkt cap ! $44.04M |
Open | High | Low | Value | Volume |
9.8¢ | 9.8¢ | 9.7¢ | $2.152K | 22.16K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 9.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.8¢ | 45000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 0.096 |
2 | 90709 | 0.095 |
1 | 10000 | 0.094 |
1 | 8000 | 0.093 |
1 | 19691 | 0.092 |
Price($) | Vol. | No. |
---|---|---|
0.098 | 45000 | 2 |
0.099 | 3703 | 1 |
0.100 | 7000 | 1 |
0.105 | 8000 | 1 |
0.110 | 8000 | 1 |
Last trade - 15.42pm 06/09/2024 (20 minute delay) ? |
Featured News
EGR (ASX) Chart |