Price currently testing daily 21ema (yellow) for support, seems to be holding for now. 21ema pointing upwards now which is squeezing the price into that 55ema (blue) which is flattening out now. The 8ema(orange) really wants to cross the 21ema(yellow) but it's gradient is decreasing a bit as it approaches. A bit of an upwards trendline shown in pink could be developing too.
Something will give soon, lets just hope the support at the 21ema is strong enough to help the price break through the 55ema. That will cause the 8/21ema cross and from there the main test will be whether the price can break the validated weekly 21ema resistance (shown on daily chart as light blue) which it is has been rejected from 3 times already.
Exciting week ahead.
Daily chart below:
Price currently testing daily 21ema (yellow) for support, seems...
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4.9¢ |
Change
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Mkt cap ! $364.4M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 23 | 3429444 | 4.9¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 5.0¢ | 149299 | 2 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| IMU (ASX) Chart |