Busy charts this morning so let's get right into it.
The Nasdaq Biotech Index (NBI) had a stellar run overnight breaking out of the trading channel with a high of 4794, we could do with a bit of that to rub off here today.
Either the market has got IMU completely wrong or I'm plotting a real barker.
For IMU to be par to my ASX Bio Sub Sector Index, I'm thinking 11-12ish.
What's to say about the massive divergence between my index & IMU price action, is this an opportunity or what.
There's also a divergence between price & the Commodity Channel Index.
Money Flow Index is trending up.
The blue EMA is the Bollie median & red the 8EMA, a part of @slick 's setup routine without the outer bands which I've left out for clarity.
True confirmation will come when the red line crosses the blue along with price, I'll leave the bands re-set for Slick to comment on.
Good luck for some Friday FOMO & a green close.
imo dyor not advice.
Busy charts this morning so let's get right into it.The Nasdaq...
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Last
5.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $404.2M | |||
| Open | High | Low | Value | Volume |
| 5.6¢ | 5.7¢ | 5.5¢ | $379.9K | 6.840M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 1581916 | 5.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.6¢ | 680013 | 6 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| IMU (ASX) Chart |