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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Last
7.2¢ |
Change
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Mkt cap ! $8.804M |
Open | High | Low | Value | Volume |
7.2¢ | 7.2¢ | 7.2¢ | $4.21K | 58.47K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 154877 | 7.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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7.5¢ | 94209 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 154877 | 0.072 |
2 | 58000 | 0.071 |
3 | 220000 | 0.070 |
1 | 14940 | 0.066 |
1 | 140000 | 0.065 |
Price($) | Vol. | No. |
---|---|---|
0.075 | 94209 | 5 |
0.076 | 29149 | 3 |
0.079 | 3820 | 1 |
0.080 | 42629 | 3 |
0.082 | 10105 | 1 |
Last trade - 14.48pm 26/04/2024 (20 minute delay) ? |
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