Depends where you consider the trend-line. (Not suggesting yours is wrong either it's definitely a trend).
Same chart different trend line.
Has 4 touches and not 2. I also think that the huge volume candle was actually a false break as oppose to a genuine trend change but we'll see which theorem holds up.
Additionally - i've seen other chartist preference using closing price only. I tend to find these have more value with low SOI shares which can often have a big spread and long intraday/intraweek candles.
It effectively omits those intra-price day swings. If anyone wants to view closing price, one can use a line chart instead of candles.
Again, the trend line i had drawn holds true in this instance. I also agree with your target line - one i had missed so i've added that.
Whilst some may argue the daily needs a breath - yep maybe - but the weekly is in the early stages of a stronger cycle. Weekly trends hold more weight than daily. A close above 26.5 this week or next would signal a break IMO.
Long will be aware of the news pipeline and when it's due, and what it means fundamentally for the company.
Your chart may hold true, but i think mine might as well.
SF2TH
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Depends where you consider the trend-line. (Not suggesting yours...
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7.4¢ |
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0.001(1.37%) |
Mkt cap ! $12.63M |
Open | High | Low | Value | Volume |
7.3¢ | 7.4¢ | 7.2¢ | $6.814K | 94.28K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 176000 | 7.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.5¢ | 10000 | 1 |
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No. | Vol. | Price($) |
---|---|---|
4 | 176000 | 0.070 |
2 | 200000 | 0.069 |
3 | 463640 | 0.068 |
3 | 200500 | 0.067 |
1 | 3225 | 0.066 |
Price($) | Vol. | No. |
---|---|---|
0.076 | 52339 | 2 |
0.077 | 30000 | 1 |
0.078 | 47945 | 1 |
0.079 | 220000 | 2 |
0.080 | 2500 | 1 |
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