Above is the 2 year HOURLY linear regression chart ('the canary in the coal mine' ....so to speak). The open today @ $8.10c. was not a random event......a pip below KEY horizontal resistance @ $8.11c.......and the subsequent break out failed to respect SUPPORT at THAT level.
Below is the DAILY lr chart highlighting (among others) the break above the sd trend line and the (failed) attempt to test the range mid point @ $9.04c. Confirmation the current (counter) down trend is done and dusted would be be closing prices that respect support at the up trend sd line.........which today was @ $8.73c.
Hands up those who took advantage the (unexpected?) bounce.
Cheers.....keeping in mind the closing price is the one that matters......and back on the watchlist.
[ATTACH] Above is the 2 year HOURLY linear regression chart...
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Last
$11.75 |
Change
-0.050(0.42%) |
Mkt cap ! $1.874B | |||
| Open | High | Low | Value | Volume |
| $11.85 | $11.90 | $11.67 | $10.21M | 867.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1289 | $11.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.76 | 3722 | 4 |
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| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| MP1 (ASX) Chart |