@Audi8v
hey mate, I tend to focus on price action and structure - right now I am waiting for a confirmed decision from the market. We have a double bottom which is generally quite reliable but not enough for me.
I want that 50 day captured and then the other emas to be above it to suggest a bottom has been made. I am cautious because as I say often price likes to run to where the liquidity lies, and a double bottom is tantalizing to many traders (they put stops beneath them). Once there is a degree of confirmation I think it's time to look for an entry.
The relative closeness of the over arching trend line (bottom angled dotted line) is also close enough where a touch on it is not out of question.
I don't think terrifying lows are a concern for holders, but that's merely a thought.
@Audi8vhey mate, I tend to focus on price action and structure -...
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Last
$2.21 |
Change
-0.010(0.45%) |
Mkt cap ! $416.8M | |||
| Open | High | Low | Value | Volume |
| $2.25 | $2.25 | $2.19 | $609.1K | 275.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 18374 | $2.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.21 | 1073 | 5 |
View Market Depth
| Last trade - 15.29pm 22/05/2024 (20 minute delay) ? |
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Last
$2.20 |
Change
-0.010 ( 0.98 %) |
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| Open | High | Low | Volume | ||
| $2.23 | $2.23 | $2.19 | 90362 | ||
| Last updated 15.48pm 22/05/2024 ? | |||||
| WBT (ASX) Chart |