The current daily candle is sitting pretty just above the 15 ad 50 EMAs. Shorters increased yesterday (shorts up to 2,984,017 or .17% for the day) and were evident yesterday at 40 where price was not able to break through. Significant supply is still present at 40.
On the daily chart both Bollinger Bars are very slowly contracting back to the EMAs. While volume has been sluggish RSI is trending healthily up.
Note that MACD crossed over yesterday providing a strong buy signal.
On the 10 min chart price has broken through and now hovers around the pivot of 39.33. Hopefully later in the day we will test R1 which is at 40.17.
The technical' s look bullish to me. Does anyone have any other TA perspectives?
The current daily candle is sitting pretty just above the 15 ad...
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Last
$11.43 |
Change
0.090(0.79%) |
Mkt cap ! $3.417B | |||
| Open | High | Low | Value | Volume |
| $11.35 | $11.58 | $11.16 | $24.03M | 2.107M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 164 | $11.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.45 | 6746 | 1 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| PDN (ASX) Chart |