We've finally managed to close a weekly bar above the downward channel with a record weekly volume preceding the break. Here are some observations:
Bullish
-Higher highs and higher lows on the weekly
-Higher swing high on the monthly
-I noticed a single 133k transaction along with a few ~20 parcels go through on Friday (abnormal for this particular stock)
-Weekly and monthly RSI neutral
-Weekly RSI creating consecutive higher highs and higher lows (not seen since 2008)
-Now that we have 3 weekly swing lows we can draw a trendline (last valid weekly uptrend was 2006!!!)
Bearish
-Daily RSI nearly overbought
-I'm struggling to find bearish points
Moving forward:
-I would like to see 33c support hold
-37-44c is a big resistance range and important VAP level, if we break this the downtrend will be broken on all fronts.
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We've finally managed to close a weekly bar above the downward...
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Last
25.0¢ |
Change
-0.010(3.85%) |
Mkt cap ! $64.58M |
Open | High | Low | Value | Volume |
25.0¢ | 26.0¢ | 25.0¢ | $8.141K | 31.70K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 82706 | 25.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
26.0¢ | 7025 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 82706 | 0.250 |
3 | 39000 | 0.245 |
1 | 12500 | 0.240 |
2 | 69500 | 0.235 |
2 | 15100 | 0.220 |
Price($) | Vol. | No. |
---|---|---|
0.260 | 7025 | 1 |
0.270 | 45081 | 3 |
0.280 | 4122 | 2 |
0.290 | 1000 | 1 |
0.295 | 37485 | 2 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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JAN (ASX) Chart |