Is anyone able to post a 200 ema from the monthly chart for me please? My chart data only goes back 10yrs. I'm guessing it may come in around 5 or 6 cents somewhere? Normally not too bothered with it missing from the monthly chart but this has been a really interesting and out of character move. Volumes are finally well up this month after declining steadily since Nov, but it's done the opposite of what it should have. It looks like a really savage stop hunt which usually only means one thing. I'm not yet prepared to call the D1(22c) target off the table, although normally it would be reset to 0.00% for 15c after this move, but something is off with it. I'm probably going to cop some flack for this, but to me it just feels like it's going to explode. If there are any traders around who have experience in trading the forex markets, it sure feels very much like an London Breakout on the cable, no? Obviously much much slower being asx.
If you aren't emotionally attached to the share price, it's going to be a really interesting week to observe. We've had LC saying openly for the first time that the US investment community has begun to pay attention. These sort of moves appear to me designed for massive accumulation at any cost. I just wonder if LC's comments are are very literal and we've been watching some of the yanks lock up some liquidity.
Anyway, if anyone has the monthly e200 that would be appreciated, I'd like to assess its position.
(20min delay)