Apology for the new Chart thread, I could find the previous one.
I am not an expert in charting, still a Newbie
Today's action is simply WOW, imo
Bullish view:
1. We just broke the $0.560 to $0.585 area of resistance.
2. Next area of resistance are $0.725 to $0.750, which are clearly had been retested at least 7x since Nov 2021.
Hopefully the 8th test try is a charm.
3. It is so amazing that a base of support are formed ($0.430 to $0.470 and $0.550 to $0.585) before moving
to the next leg of Uptrend.
4. Trading Volumes are beautiful.
5. There are a big chance of 50EMA (blue line) will cross over 200EMA (black line), which means Golden Cross.
Bearish view:
1. RSI is nearing/almost 80, Over bought.
2. There is a small gap between $0.525 and $0.530
3. With today's big green candle action, I would not be surprise if traders will do profit taking on Monday & Tuesday.
Goodluck to All,
And enjoy the weekend.
Apology for the new Chart thread, I could find the previous one....
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 (20min delay)
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Last
30.0¢ |
Change
-0.010(3.23%) |
Mkt cap ! $214.0M | |||
| Open | High | Low | Value | Volume |
| 31.0¢ | 31.0¢ | 30.0¢ | $46.56K | 154.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 25874 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 29755 | 9 |
View Market Depth
| Last trade - 12.46pm 02/05/2024 (20 minute delay) ? |
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Last
30.0¢ |
Change
-0.010 ( 1.64 %) |
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| Open | High | Low | Volume | ||
| 30.0¢ | 30.0¢ | 30.0¢ | 21698 | ||
| Last updated 12.59pm 02/05/2024 ? | |||||
| DLI (ASX) Chart |