A quiet week on the chart plot & everyone should be feeling a little more relaxed, perhaps.
With the average true range (ATR) at just .0024 there is little in it for the intra-day traders & by the time the market maker takes a pip either side of the trade all that is left is brokerage to pay still & why @slick et al head for greater volatility somewhere else.
The 65-period simple moving average of the daily closing price is my sentiment indicator & the extreme end of it shows where the market is trading in relation to the average over the last three months of data & we can see that buyers are starting to bid more than they were back in April to June. If this continues & the price gets above the SMA, the indicator will start to rise meaning buyers are willing to pay above the average value & the trend will rise.
Trend lines can be drawn on the moving average of volume when unsure about what is truly happening.
I know what I will do next week, I just have to try & figure out what the other 26,999 shareholders will.
Good luck & IMO
A quiet week on the chart plot & everyone should be feeling a...
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Last
5.2¢ |
Change
-0.001(1.89%) |
Mkt cap ! $382.1M | |||
| Open | High | Low | Value | Volume |
| 5.3¢ | 5.4¢ | 5.2¢ | $216.1K | 4.106M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 1854997 | 5.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.3¢ | 382882 | 4 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| IMU (ASX) Chart |