A typical phenomenon happening.
See in weekly chart long term down trend line was broken when price went to 53 area.
Then it i mean price came down .
But price continues to hold above the broken down trend line.
Reverse happens in trend reversals when up trend is broken.
So let us see how it pans out.
I see this phenomenon frequently in futures.
It is a typical text book phenomenon.
Looking for break out form 56 and close above that for 2 consecutive days for confirmation now.
A typical phenomenon happening. See in weekly chart long term...
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Last
$4.52 |
Change
-0.010(0.22%) |
Mkt cap ! $384.5M | |||
| Open | High | Low | Value | Volume |
| $4.48 | $4.58 | $4.46 | $324.8K | 72.12K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 434 | $4.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.56 | 4000 | 1 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| MYX (ASX) Chart |