Bit of a change in the trend yesterday on the back of semi...

Bit of a change in the trend yesterday on the back of semi decent volume, 34M traded on the asx, which is above the average of 28M.
Depth very limited on the sell side for this time of day, we may see a $0.275 open and a quick progression to $0.28. A good close today will hopefully set us up for next week.

The BB pinch is still forming and it is the best one we have seen for a long time. It is setting up well for a move.

Daily Chart: Price candle popped off the 8 day SMA, and we closed above the BB MA of $0.25, which has not happened since 2021. ParSAR is positive, MACD is positive and the RSI is now at 55.68%. Everything is positive at this point and hopefully we see a good volume today to extend to next week. Best the charts have looked in a long while.

The TEMA's are separating and the BB pinch is so aggressive that the bottom BB line has cut the 70 period TEMA, something I have not seen for a while. It will be interesting to see where this BB pinch goes.