I agree.
We've completed our double top pattern and should hug the 200mda for the moment.
The CMM chart shows our guests showing up early for the dinner party and departing before the hangover is too serious.
Plenty of peers sitting well above their 50mda and 200mda with foreboding double top hangovers yet to come.
We outperformed on the way into this and under performed since the last top.
The XGD chart below is showing resilience towards respecting sobriety.
XGD with 200mda and 50mda
CMM chart with XGD overlaid in red
RSG is one of many with an overbought chart - proximity to 200mda.......?
I agree. We've completed our double top pattern and should hug...
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Last
$5.80 |
Change
-0.040(0.68%) |
Mkt cap ! $2.189B | |||
| Open | High | Low | Value | Volume |
| $5.92 | $5.97 | $5.80 | $9.873M | 1.671M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4024 | $5.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.82 | 5600 | 1 |
View Market Depth
| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| CMM (ASX) Chart |