PRR: 0.000% --- Close: 17.5 --- Average price: $0.178
All Ords (XAO): 1.058% -- Finanacials (XXJ): 1.377%
4.00-4.10pm closing sales: less than 1% at ~42,000 - huge difference to yesterday's nearly 13% - signals sentiment shift.
Day volume: 4,520,366 - back to pre-DNDN shoe drop levels - signals stability coming back in.
US futures back into the green atm -- the close by our financials bodes well for overnight US action.
The embargo on Ben Bernanke's speech from Jackson Hole gets lifted 10am Friday US time, or 12 midnight Friday night our time.
To the chart..
MACD muted again
Stochs again ticked UP today - positive
Breach of upper blue tine is a very early buy signal, but wait for conformation on reaching/breaching above the median tine of the red pitchfork.
Parabolic SAR continues to be bullish and signal 'go long'.
Candle sticks... what have we got - a red maruboza followed by a (mini?) hammer... - the plunge lower today was rejected - the pitch higher at the start of the day was retail muted optimism, confirmed on extremely low volume during most of the morning, especially before 10.30am where only some 340K units changed hands - end of day muted on the close -- but this little hammer does mean a Yellow flag was raised today..
Positives: Stochs, SAR, Upper blue tine, and of course kbear1's post last night...
good luck
PRR Price at posting:
14.8¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)