I'm starting to see some early positive signs here, in this (small-mid cap) bear market....
The RSI indicated below, has failed to make a lower low
"A bullish divergence occurs when prices fall to a new low while an oscillator fails to reach a new low. This situation demonstrates that bears are losing power, and that bulls are ready to control the market again—often a bullish divergence marks the end of a downtrend"
The bottom graph is my momentum indicator. It's currently showing in the oversold/capitulation zone....
Chart, page-28
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Last
21.0¢ |
Change
-0.005(2.33%) |
Mkt cap ! $60.68M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 21.0¢ | 21.0¢ | $22.79K | 108.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 30466 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 48914 | 2 |
View Market Depth
| Last trade - 12.43pm 05/07/2024 (20 minute delay) ? |
| BMT (ASX) Chart |