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6.8¢ a-cap energy limited

See ACB charts in post attached from 4 weeks ago.Price has sold...

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FreedomInvestor

4,080 Posts.

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21/06/22

21:21

Post #: 62123302
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Originally posted by FreedomInvestor: ↑

Keeping the research going. Daily, weekly & monthly charts.

Daily - watching to see if EMA50/200 cross down ('Death Cross') prints and sticks. Bearish medium term if it does imo. Nearing oversold on RSI with slight bullish divergence (for now).

Weekly - bearish with room to fall further on RSI. Price approaching long term trend line with EMA200 @ 6.6c beneath. EMA50 has turned down sharply @ 10.8c.

Monthly - big bearish engulfing candle currently printing for this month. Approaching same trend line, RSI falling sharply. EMA50 sits @ 6.6c (same as EMA200 on weekly TF which is interesting...).

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See ACB charts in post attached from 4 weeks ago.

Price has sold off down to EMA200 on weekly chart time frame.

High volume sell off in previous few sessions.

ACB Price at posting: 6.0¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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