GLN 2.86% 18.0¢ galan lithium limited

Charting, page-7

  1. 4,501 Posts.
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    I don't hold these and so am presuming that apart from a name change everything else regarding the chart will remain the same.

    Positives.
    The Medium term trend is still up (From 17 May)
    Vol during the sell down is falling

    Negatives.
    The Stoch 5 has crossed below the oversold line & is trending down
    The Stoch 14 is below its sig line & trending down & is almost at the oversold line
    The Histogram MACD are both trending down & below their respective signal lines.

    Outlook.
    The next couple of bars should see the current slide stop & reverse at the base of the range box at 25.
    The significance of that sp is obvious. It is the 61% level & the lower trigger line for the M/T rising trend.
    If the sp falls below that rising green trend line then further falls are likely with the sp following the regular angle down.
    The nearest s/t support in that event is 23 but 30 would be the obvious target.

    I will check out the weekly over the weekend but atm it is displaying the same aspects as the daily but in a slower fashion.
    GLN 15 Aug.png
 
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Last
18.0¢
Change
0.005(2.86%)
Mkt cap ! $85.31M
Open High Low Value Volume
17.5¢ 18.5¢ 17.0¢ $344.6K 1.941M

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No. Vol. Price($)
3 275000 17.5¢
 

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Price($) Vol. No.
18.0¢ 22376 2
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Last trade - 16.10pm 20/06/2024 (20 minute delay) ?
GLN (ASX) Chart
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