The longer time interval (more total volume) you use to plot the chart, the more accurate would be.
Since you were using 3 mins interval (not enough volume to tell the story), I don't think I would use this as a buying signal.
Don't get me wrong. I personally like the business. However, from the TA point of view, it is still bearish.
Weekly chart forms a double-top pattern and short term trend is still a downtrend.
A safer entry point would be around $3 when it breaks the current double-top pattern.
Or $1.8 (FIB 0.23) if you are a very conservative trader.
Good luck and DYOR.
chart, page-6
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Last
90.5¢ |
Change
0.010(1.12%) |
Mkt cap ! $474.7M | |||
| Open | High | Low | Value | Volume |
| 89.5¢ | 91.5¢ | 89.5¢ | $643.7K | 712.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11374 | 89.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 91.0¢ | 35378 | 3 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| TYR (ASX) Chart |