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This is a perfect reversal pattern, look at the divergence on...

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princey37

4,749 Posts.

626

17/03/25

10:25

Post #: 78290939
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Originally posted by princey37: ↑

Scans for last week.

ASX:BBL,ASX:CVR,ASX:SMX,

ASX:A2M,ASX:AVE,ASXHG,ASX:EMP,ASX:KAM,ASX:RXL,ASX:SGF,ASX:SMX,ASX:TRU,

SMX just came up on the scan @Toby43d! Nice and early but it's looking good to me, just see where this rally tops out at, slightly higher at ~6c would see the 50% fib at 3.9c for a back test of the breakout. Definitely something going on there looking at the volume!

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This is a perfect reversal pattern, look at the divergence on the RSI, doesn't get any better than that!
RSI is getting heated now so it should be due a pullback shortly, just unknown from what level, It might keep running for a bit yet.
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