From my understanding of the rising wedge it looks like a classic!!
The closer we have been getting to the resistance line the fewer share sales there has been.
Note this last week we have been scraping just 2 million sales and compared to the 6 and 8 millions.... Needed a strong day today to continue the uptrend.
Also note that this is not 100% correct and any number of things can change the patter in an instant. Eg Takeover. Please do not take that as me thinking there is going to be one. SE almost owns all EWC and he wont let it go cheaply...
Those that want me to post a graph let me know otherwise just refer to this quick summary explanation if you dont follow:
http://www.thestockbandit.com/Rising-wedge.htm
From my understanding of the rising wedge it looks like a...
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Last
0.8¢ |
Change
-0.002(20.0%) |
Mkt cap ! $24.63M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 0.8¢ | $13.95K | 1.510M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2355600 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 20000 | 1 |
View Market Depth
| Last trade - 15.57pm 28/06/2024 (20 minute delay) ? |
| EWC (ASX) Chart |