As activity increases it's probably a good time to use threads to separate the chit chat .
The chart above was drawn using the beta version of Comsec's push away from IRESS ( No JAVA plug needed in the script ) for those interested .
Now to the charts, b4 I mentioned ESI had moved up slowly because IMO some one wants in and is forcing the price higher as there are limited sellers. Using the Accumulation/Distribution indicator we can clearly see there are limited sellers Vs recent buyers.
The 2nd part of this chart, It's a little hard to see (Blue triangle) is the MA Cross that started with what I believe was a @Megagene line wipe at .009 . MA Cross now in positive divergence as the gap opens against the money flow indicator anticipating a run on the sp.
Lastly a strong RSI is a give away we are overdue something substantial.
ESI broke the .012 -.015 resistance has broken out with a closing hammer on yesterdays close at .017 and could be heading to the next line of defence of .02
This is my take on the situation so DYOR and its not advice in any way, shape or form
ESI Chart breakout
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.515M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $3.469K | 1.156M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 46 | 19513067 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 11596834 | 27 |
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| Last trade - 15.57pm 21/06/2024 (20 minute delay) ? |
| ECT (ASX) Chart |