Back into the technicals
Myself I wouldnt be reading too much into this DMI+/DMI- situation. Im glad youve put in a qualifier.
Lets take a look at the DMI pattern in Oct/Nov 06.
The DMI separation reached a maximum 15 Nov for a local price peak. When the sp peaked on the 30 Nov the DMI separation was much diminished. So if one was looking solely at the SP expecting a bullish rise the DMI separation supported a price move south. And that subsequently transpired.
Fast forward to our current pattern.
The DMI separation is much greater for 28 May price peak and smaller for 15 Jun peak. A bearish divergence. The DMI separation narrowing is not supporting a short term bullish outlook.
( Ive used terminology of DMI separation here but usually these divergence patterns would be taken on the DMI+ . The divergence pattern really stands out for the DMI+ line for both sets of dates.)
Back into the technicals Myself I wouldnt be reading too much...
-
- There are more pages in this discussion • 6 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 AIM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
39.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $82.48M | |||
| Open | High | Low | Value | Volume |
| 40.0¢ | 40.0¢ | 38.5¢ | $24.68K | 62.72K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 35851 | 38.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.5¢ | 14255 | 1 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| AIM (ASX) Chart |