EPN 0.00% 2.4¢ epsilon healthcare limited

Here was my quick attempt Lj. Looks to me like there has been a...

  1. 108 Posts.
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    Here was my quick attempt Lj.

    Looks to me like there has been a low volume pull-back along the red line after the pitchfork breakout (green line), which happens to have occurred on the same day as the 55 gap, which is now also closed (purple line).

    Indicators to me that the pull-back is low volume are the average daily volume has been decreasing and the on-balance volume isn't drifting too much (compared to, for example, 11/17-12/17). I reckon we might still see a dip below the 200-day EMA as RSI isn't oversold yet (though heading that way) but to me, it looks like some short-term traders and impatient investors taking profits/losses while everyone else waits for an SP catalyst.

    Happy to hear different opinions on the TA. As always, DYOR and GLTAH.

    thc_chart.png
    Last edited by Chip343: forgot the image 29/05/18
 
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