There are different ways of looking at charts, a better way to compare is to daily charts & interday price action.If you follow EOD prices of trend patterns, then if you follow intraday price action as well, you'll get a heads up if your indicator eg MACD, is signalling a trend change.So one could take a punt (or according to their trading plan) & buy/sell accordingly. Or they could wait till the EOD prices confirm the indicator. And trade the next day.So yes the intraday price could revert back by EOD, or not. Reacting to the intraday price, gives the earliest possible entry to the indicator signal.So chart indicators are created to identify trends, basically you can use them whichever way suits one trading or investment strategy and the risks one is prepared to take.
So yes the MACD crossed this month, and it could revert back or not!Cheers
There are different ways of looking at charts, a better way to...
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Last
$2.95 |
Change
-0.010(0.34%) |
Mkt cap ! $558.2M | |||
| Open | High | Low | Value | Volume |
| $2.97 | $3.01 | $2.89 | $1.278M | 435.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 8521 | $2.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.95 | 4689 | 13 |
View Market Depth
| Last trade - 15.54pm 06/05/2024 (20 minute delay) ? |
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Last
$2.95 |
Change
-0.010 ( 0.62 %) |
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| Open | High | Low | Volume | ||
| $2.98 | $3.00 | $2.89 | 84550 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| WBT (ASX) Chart |