In essence yes, the momentum for today coupled with the below measures gives me some confidence of a positive move today.
I normally look for entry when a few things lines up:
1. 50 - 80 band of the RSI
2. above the 8 Day SMA
3. MACD must be positive on building volume.
I also check this against my 20,40 & 70 period TEMA's to confirm.
RSI shows me the momentum of bidding. When we touch 70, with positive MACD and a SAM that has crossed, I would expect to see positive movement. I would agree anywhere above 50 is good, but I like to see a bit more skin in the game on the bidding side before I get into it.
In essence yes, the momentum for today coupled with the below...
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Last
5.9¢ |
Change
-0.002(3.28%) |
Mkt cap ! $431.8M | |||
| Open | High | Low | Value | Volume |
| 6.2¢ | 6.4¢ | 5.9¢ | $919.2K | 15.26M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 899777 | 5.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.0¢ | 110472 | 3 |
View Market Depth
| Last trade - 16.10pm 06/06/2024 (20 minute delay) ? |
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Last
5.9¢ |
Change
-0.002 ( 4.53 %) |
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| Open | High | Low | Volume | ||
| 6.2¢ | 6.4¢ | 5.9¢ | 5930301 | ||
| Last updated 15.58pm 06/06/2024 ? | |||||
| IMU (ASX) Chart |