My take... I would like to see some sideways motion from this resistance line before testing a breakout along with further tightening of the BB's and longer MA trend-lines met.
- Double bottom correction confirmation on the 21st
- Squeeze Momentum showing bull trend near
- Bollinger Bands tightening (Yes please)
- Resistance level is at 90.5 (Orange Line)
- %R showing minor overbought
- 200 Day moving average approaching price bottom's (74.5 : 76)
I should also add, I believe some individuals were raising the fear of Escrow Shares being the catalyst for sell down/off.
As this appears to be a non-event as a few excellent posters on EMC had stated would be the case, we are likely seeing buyers who thought they could snake some cheap escrow released shares on market now buying at higher prices due to the lack of volume.
EMC Chart, page-817
-
- There are more pages in this discussion • 1,567 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FLC (ASX) to my watchlist
|
|||||
Last
9.6¢ |
Change
0.003(3.23%) |
Mkt cap ! $103.7M |
Open | High | Low | Value | Volume |
9.6¢ | 9.7¢ | 9.6¢ | $1.897K | 19.73K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 23493 | 9.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.9¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 23493 | 0.096 |
1 | 7360 | 0.095 |
1 | 100000 | 0.093 |
1 | 10880 | 0.092 |
2 | 200000 | 0.091 |
Price($) | Vol. | No. |
---|---|---|
0.099 | 10000 | 1 |
0.100 | 26403 | 1 |
0.105 | 80214 | 2 |
0.110 | 110000 | 2 |
0.115 | 150000 | 3 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
Featured News
FLC (ASX) Chart |