Currently sold majority of my holding today due to the following early downtrend signals IMO:
Current chart shows SP dropped to 0.017c (50% fib) indicating a moderate strength retracement/downtrend. This is an area i don’t like taking risks. MACD/RSI- confirmed yesterday’s momentum loss and has signaled a downtrend. id be expecting a massive sell off either tomorrow or friday as MACD lines cross breaking support. A increase in selling pressure and low volume is now evident- shareholders want out. I’ll be expecting the SP to retrace to fill the gap at 1.3c. Bollinger bands seem to be narrowing in. GLTA
Technical indicators/moving averages(monthly)=STRONG SELL
Currently sold majority of my holding today due to the following...
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Last
1.1¢ |
Change
-0.001(4.55%) |
Mkt cap ! $6.236M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.0¢ | $8.547K | 795.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 6948678 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 3535588 | 12 |
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| Last trade - 13.50pm 12/11/2024 (20 minute delay) ? |
| LU7 (ASX) Chart |