Looking like the current consolidation is a reaccumulation structure.
Decrease in volume from Buying climax, spring of the range and broke above line of supply on increased volume signature.
Supply still present (28th sep), decrease in volume on latest pullback after that, a sign supply is nearly exhausted.
Phase D of the trading range should see the share price head back to the top of the range (5.1c). Phase E will see it break into another uptrend before consoldating again.
Current point and figure chart gives two price target ranges before we may see another range bound market.
Range 1: 6c-6.6c
Range 2: 9c -9.6c
Looking like the current consolidation is a reaccumulation...
-
- There are more pages in this discussion • 224 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SPX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $30.27M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.6¢ | $3.195K | 473.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 14820788 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 10565300 | 14 |
View Market Depth
| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| SPX (ASX) Chart |