The first chart is showing the Wilson RSI Channel and you can see that at 5.5 it went outside the bullish range which you could argue was unstainable price action. It then retraced down to the top of the bearish range of the channel and consolidated in the neutral zone. On the daily it has closed right on the bottom of the bullish channel therefore tomorrow will be interesting to see where it goes.
On the second chart is the Wilson volume bias channel. It is in the bullish zone and has stayed there since the rally from the low at 2.4 which is a good sign.
*My opinon only and not intended as investment advice or any advice*
The first chart is showing the Wilson RSI Channel and you can...
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Last
10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $334.3M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.0¢ | $1.047M | 10.19M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 70 | 9842754 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 4002799 | 32 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PEN (ASX) Chart |