Another red candle today doji type
-2c higher red body 15c neck 19c tail
W daily chart pattern
meaning the highs and lows were unsupported and the traders were waving it around
yet another daily long neck
IOP dropped back a bit but still in 22-23 ledge zone
If this 22.00 ledge cracks then may see a run down to the 20 area and during BEAR SEASON more weakness. The prior runup pivot was as I called it 14-15, maybe 16 from here on the downside risk.
Exdivy correction looming large shortly
a $1 divy is not worth a $5-$7 capital loss.
Another lower high pattern developed on the 2 monthly chart, warning signs.
BEAR SEASON starts soon
as bull season closes down and the 12 jan high seems unattainable at 22.95,
SHORTS are readying their attack plans imho, the weakness is evident, the daily highs sold down yet again, the TA is showing -
a BULL TRAP is in play.
Another red candle today doji type -2c higher red body 15c neck...
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Last
$18.49 |
Change
0.390(2.15%) |
Mkt cap ! $56.93B | |||
| Open | High | Low | Value | Volume |
| $18.32 | $18.62 | $17.94 | $159.1M | 8.651M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 150 | $18.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.50 | 4305 | 5 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |