"Certain individual ASX stocks are often subjected to aggressive...

"Certain individual ASX stocks are often subjected to aggressive selling after short 2 or 3 day rallies."

It's just the process of distribution, late shorts get squeezed, "bargain" hunters come in and large holders/short sellers use that strength to sell into as the stock rallies. It's essentially the same as the uptrend which is the process of accumulation, just in reverse. In the uptrend, the late buyers get shaken out in the pullbacks which is where the large holders are buying and supporting the price. I've commented a few times recently when the price has rallied back into the 20d ema that it was an inflection point, volume dried up but the subsequent dump from those points shows it had run out of buyers(short covering and "bargain" hunters) ... in an uptrend you see volume dry up as the price pulls back as it runs out of sellers


"A simple trading system can revolve around the crossovers of 10, 50, and 100-day exponential moving averages"

It's a good trading system in theory, in practice the signals are far too late to be useful, there's much better ways to find entries


As for the chart, it closed the week on the low



Will it get another 2 week rest/rally?