Certainly not wanting to portray a negative on this stock but just need to be cautious here IMO.
From a TA point of view, we are seeing lower highs on the spikes and if .0375 doesn't hold then lower lows join the pattern as well so need to be a bit aware currently.
The other thing is that over the past few months MACD has been a great tour guide for momentum and I've circled the exits which line up near the highs. Unfortunately last week we saw MACD cross to the negative so will need to watch closely.
Tough market at the moment folks, but I don't think I need to tell you that.
Cheers
DXB Chart, page-1370
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Last
44.5¢ |
Change
-0.010(2.20%) |
Mkt cap ! $247.9M | |||
| Open | High | Low | Value | Volume |
| 45.0¢ | 45.8¢ | 43.8¢ | $701.3K | 1.564M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 111371 | 44.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.0¢ | 8072 | 1 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| DXB (ASX) Chart |