Individual stocks can't escape the overall market sentiment and macro factors at play. I'm talking about correction in the market - its due for one. If you have a look at XJO it's a classic sharp drop with a small bull trap and now heading lower.
EMA lines are showing bearish trend with the 12 crossing the 100.
Each play to their own investment/trading plan. Knowing what the bigger picture is doesn't mean there isn't any trading opp each day, it just depends on your risk tolerance.
All I'm saying is that the market correction has started - most won't see this until after the fact when the chart tells them so. Knowing where the market is heading helps you mitigate the risk vs reward trade.
Chart, page-12143
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Last
20.0¢ |
Change
-0.005(2.44%) |
Mkt cap ! $371.1M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 20.5¢ | 19.5¢ | $843.2K | 4.220M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 71948 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 644737 | 16 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| BRN (ASX) Chart |