Hi RFTA.....You need to screen the FA on this yourself as I know FA
so lets start with the weekly TA chart and then focus down on the sustainability of the outbreak..
The first chart does not confirm the weekly volumes are there yet ........ but significant recent weekly volumes are occurring....![]()
heres a favourite template I hope isn't to crowded to read
It shows a Bollinger band Histogram (which is the Bollinger separations on one scale)
the direction of the trend using the crossing of two directional oscillators
Then a combination of two momentum oscillators being the stochastics and RSI....both are in an overbought range which is fine considering the outbreak but does need to be maintained above the 80 level a break below that is a trigger for day trades....
The lower chart is the stoploss triggers ....You need to look at each of them and how they back test on this stock..
The tightest is a trailing stop shown at 15....its a 3 period count back. line .....
The targets are the overhead resistance points....these are shown on the chart as green spikes at 195 and 24
the pattern targets can also be calculated by looking at recent trading Channel patterns and doubling the depth as your breakout target.............please ask for any TA elaboration you may require and good luck with the trade![]()
chart, page-5
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Last
$2.03 |
Change
0.010(0.50%) |
Mkt cap ! $2.324B |
Open | High | Low | Value | Volume |
$2.03 | $2.03 | $2.00 | $7.448M | 3.681M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3500 | $2.02 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.03 | 111978 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3500 | 2.020 |
8 | 77551 | 2.010 |
6 | 79581 | 2.000 |
3 | 17038 | 1.995 |
2 | 5223 | 1.990 |
Price($) | Vol. | No. |
---|---|---|
2.030 | 111978 | 14 |
2.040 | 122721 | 9 |
2.050 | 199329 | 14 |
2.060 | 16663 | 6 |
2.070 | 31227 | 5 |
Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
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RMS (ASX) Chart |