Love to get @slick thoughts here, as absent any major announcement, it's all about the TA.
I'm seeing a pretty poor setup unfolding on the daily, we've crossed the bollie median (albiet on low volume), closing below 8ema, MACD negative.. DXB only reversed a similar situation at the end of Jan (yellow circle) because of the positive market reaction to the quarterly.
Weekly looking far more positive- perhaps we need to zoom out a touch atm, especially if one is not trading this stock.
I'm thinking the next few sessions may be important from a TA perspective IF there are no deals announced- which is of course what many are hanging on for (in the short term). Long-term, its all about the fundamentals and the instant re-rate potential of course.
Only if you get the time slick.
GLA.
DXB Chart, page-756
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Last
42.5¢ |
Change
0.020(4.94%) |
Mkt cap ! $234.0M | |||
| Open | High | Low | Value | Volume |
| 42.0¢ | 43.3¢ | 42.0¢ | $542.9K | 1.271M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5026 | 42.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.0¢ | 2827 | 1 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| DXB (ASX) Chart |