A good 32M volume on the ASX yesterday, depth has changed to the...

A good 32M volume on the ASX yesterday, depth has changed to the buy side for a change. Looking at the matching, we might open at $0.105 today.


Hourly chart: This is looking good at the moment, MACD above the line positive, RSI above 70%, ADX crossed the ADXR, DMI+ above DMI-. All looking good. If we could mirror this on the Daily, we are in business. Will need to keep an eye on the RSI and MACD on the 15min charts today to see where this will go in the short term. As @slick mentioned yesterday that 15min chart with the 5 to 8 SMA is a good way to keep tabs on the movement of the day. Thanks for the tip @slick added it to my list of views.


Daily Chart: Price candle popped of the 9 day SMA, we broke above that daily BB MA as well. MACD made a noticeable break up from the signal line yesterday. RSI is coming up and we need this to break above the 70% mark. Again now we wait for the ADX and ADXR to cross. The next 3-4 trading sessions will tell where this goes.