That is one interpretation when one is so bullish.
Maybe i am a little more cautious with my analysis.
Fridays candle was still a bearish which signals sellers exiting.
2.5 appears as good support
Macd hasnt crossed and needs to to offer a bullish sentiment,
Momentum is crucial, still around 85 which is bearish.
RSI is insignificant.
Using closing highs, fridays close has formed another lower high, this needs to be broken to offer bullish sentiment
3.1 gap remains, will offer resistance
On the weekly a bounce off the 11 DEMA needs to continue next week.
Next week could offer confirmations of direction!
ESH Chart, page-265
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Last
1.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.720M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.3¢ | $5.742K | 441.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4260495 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 834066 | 5 |
View Market Depth
| Last trade - 15.28pm 17/09/2024 (20 minute delay) ? |
| LU7 (ASX) Chart |