another higher green candle +4c body
another tighter range and closing wedge pattern
another higher open +21c
11c neck 12c tail
another V whipsaw daily chart HATED by SHORTS forcing them to cover all arvo and lose their morning gains, looks like they lost money today again.
Could this be the bottom?
who woulda thought when i called 19-20-22 annual lows at 29 that it would got to 17.00 ?!
SHORTS lost again tonight on overnight and daily, yet made a motza 29 to 17, should be happy with that.
ledge around 17.00 formed for 6 days now in a very tight trading day range
the wedge pattern must breakout sharply as the pressure is too much
BEAR TRAP formed, SHORTS in a trap here looks like to me,
BUYZONE formed, wait for confirmation and flooring pattern and rebound out
Trading rule 2
buy on the way up or from a flooring pattern, not on the way down, wait for the floor its will be boringly obvious
BURN them SHORTS, BURN !
FMG Technical Analysis, page-11478
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Last
$19.44 |
Change
0.270(1.41%) |
Mkt cap ! $59.34B | |||
| Open | High | Low | Value | Volume |
| $19.06 | $19.51 | $18.92 | $88.17M | 4.550M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1632 | $19.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.45 | 7239 | 10 |
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| Last trade - 15.10pm 01/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |