Friday looks like a selling climax in process. Whoever was picking up all that downside volume on the biggest down for....... well ..... a long time ... is setting up for a nice little profit.
Positive divergence on CCI. A rise above -100 might make for a nice short-term buy.
Surprisingly, IMU remains within the "Value Zone" on the Volume Profile. (200-Day Chart).
There's a nice gap back on 8 November which still has to fill. It coincides with the lower level of the Value Zone. That might be the target for this pull-back.
Good luck
RB
Friday looks like a selling climax in process. Whoever was...
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Last
5.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $431.8M | |||
| Open | High | Low | Value | Volume |
| 5.9¢ | 5.9¢ | 5.6¢ | $1.037M | 17.94M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 1882949 | 5.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.9¢ | 399643 | 3 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| IMU (ASX) Chart |