end of day 25 august - just TA here, probly not relevant to LT holders
This charts showing a RSI swing failure setup...
Bullish Swing Failure in RSI occurs when:
RSI below 30 --> heads above 30 --> makes a high then turns back down towards 30 --> stops, making a higher low before 30 --> turns back up and goes higher than the last high.
[The failure basically indicates a change in trend in the RSI]
The RSI swing failure has proven a very powerful signal lately in a number of stocks I've been following.
Also on the chart you will see, that for the RSI to put in a Swing Failure it will have to break out of the mini-fork within the broader downtrend fork... These forks are given extra validity by the fact that the trigger line of the broader fork is in fact the downtrend line.
A few things lining up here IMO -
1. We have what appears low volume testing, it needs to be confirmed by higher low upbar tomorrow;
2. If the low volume test is confirmed as in (1) above, then the SP will have to break through the minifork;
3. Also this SP action will probably cause the RSI to confirm a bullish swing failure by getting above the red dashed line. If not tomorrow then at latest monday if monday isn't a down day (red line on RSI = 44. RSI 45+ would confirm the signal)
If all of (1) - (3) pan out around the same time would be a solid buy signal IMO. First stop before hesitation would 22-23c, upper tyne broader fork, which conveniently would be testing right up toward the top of that ugly downbar. If not then potentially down to middle tyne of minifork (15.5c - 16c).
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end of day 25 august - just TA here, probly not relevant to LT...
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Last
31.0¢ |
Change
-0.005(1.59%) |
Mkt cap ! $450.9M |
Open | High | Low | Value | Volume |
31.5¢ | 31.8¢ | 31.0¢ | $546.4K | 1.740M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
44 | 895131 | 31.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
31.5¢ | 334817 | 44 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
43 | 895758 | 0.310 |
28 | 268070 | 0.305 |
33 | 744462 | 0.300 |
13 | 189404 | 0.295 |
11 | 258739 | 0.290 |
Price($) | Vol. | No. |
---|---|---|
0.315 | 302389 | 45 |
0.320 | 103810 | 16 |
0.325 | 61785 | 10 |
0.330 | 206764 | 8 |
0.335 | 201241 | 8 |
Last trade - 15.21pm 08/10/2024 (20 minute delay) ? |
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