Far out the Weekly TF looks primed to move...
Following on from last week's Pivot we may have put another bottom in at the Fib Retracement 0.5 (Golden Pocket 0.5 - 0.618) whilst the holders/Instos prepare for the next 10days.
Reusing Trend Based Fibonacci Extension we can Identify potential levels of resistance/profit taking if continuation is confirmed (breakout of short term downtrend on the Daily)
Confluence of indicators would show MACD reopening Bullish and RSI would reclaim uptrend indicating Bullish Momentum. IMO failure to claim 80.00 on RSI will present a swing high failure and potential Bearish Divergence.
All we need is for management to release good news. Let's see if they stick to their word... The clock is ticking JW and the market volume leading into xmas will begin to drop soon. The sooner the better...
Sorry in advance for the phone chart.
GLTAH
Disclaimer: No Advice. Information contained is general in nature and for educational purposes only. Manage Risk and Position Sizing based on your personal circumstances.
Far out the Weekly TF looks primed to move...Following on from...
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Last
0.3¢ |
Change
0.001(20.0%) |
Mkt cap ! $21.47M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $1.606K | 569.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 180 | 206882564 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 128521290 | 57 |
View Market Depth
| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| LPD (ASX) Chart |