Big test next week IMO. Two indicators that I have great...

  1. 15,713 Posts.
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    Big test next week IMO.
    Two indicators that I have great confidence in have show a slight hint of reversing. You can easily see that MACD is curving back towards the red. Now that alone certainly isn't a green light to enter but it's certainly at the "pay attention" stage. The other is the 8ema has at leased levelled out and at the closing price. As I said, a big test next week to see if this plays out. It's the only positives I've got.

    https://hotcopper.com.au/data/attachments/6795/6795217-e27b59f5d8ebbbc9d7473b89e76f56cf.jpg

    The weekly sits on the .037 support level. An interesting fact, there hasn't seen a candle close above the bollie median since the end of march '24. Staggering performance. That is the greatest indication that no-one with a long perspective should enter until at least there's a closing candle above the median. And even then it needs to have confirmations on that. Far better to pay more for a stock that's rising than the BS averaging down loss making industry. Just ask Alcy.cool.png

    https://hotcopper.com.au/data/attachments/6795/6795238-b0f73f09c881318dbf595cafc6de3a76.jpg

    BIO sector got knee-capped last night. Might be a tough opening on Monday.

    https://hotcopper.com.au/data/attachments/6795/6795257-63dbb3b0d0c7d22a093f5927d7e9a866.jpg

    And for a bit of excitement, the short / hedge position has increased!
    https://hotcopper.com.au/data/attachments/6795/6795258-c22e837160e22af7d0a3c0b4b421fb6c.jpg

    And good morning moderators.

    Cheers
 
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