Out of interest I had a look at stox line and I would read too much into their support and resistance levels. Their numbers are probably derived by computer algorithms and while they have meaning - it's not much in charting terms. Their support level is simply the lowest price over some recent period and as yesterday's price made a new low at that price it automatically becomes their support. Same goes for resistance - the amount they quote is the highest recent price (interestingly it isn't quite because an outside engulfing bar was 2 cents higher). Yes, highest and lowest prices are a type of resistance and support - but nothing I'd want to trade on. Resistance and support are the same thing depending on where price is and in the case of EOS I'd say support is $4.80 and resistance $5.90
Better day tomorrow hopefully.
EOS Charts, page-922
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Last
$1.65 |
Change
0.055(3.45%) |
Mkt cap ! $318.3M | |||
| Open | High | Low | Value | Volume |
| $1.60 | $1.66 | $1.56 | $930.5K | 578.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2066 | $1.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.67 | 3814 | 3 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$1.66 |
Change
0.055 ( 4.72 %) |
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| Open | High | Low | Volume | ||
| $1.58 | $1.66 | $1.56 | 69456 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| EOS (ASX) Chart |