Encouraging price action today - it bounced off the the trend line. no doubt because off the "leaked out" news in the other thread but several things need to change for the trend. You can see there is a divergence in both MFI and Klinger that is the first hint of a turn around. First it needs a close above the yellow line (which is a type of a fast moving average), then next close above 24c, then the yellow line should move above the moving average channel towards 28c and finally the upper trend line of the descending channel should be back tested. Hopefully this wont all happen all in one day on some explosive news and i'll miss out. Looking at the volume traded at 24-25c it will be a fairly stiff resistance though.
Encouraging price action today - it bounced off the the trend...
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Last
23.5¢ |
Change
0.005(2.17%) |
Mkt cap ! $658.8M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 24.0¢ | 22.5¢ | $1.817M | 7.743M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 404558 | 23.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 460997 | 12 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
24.0¢ |
Change
0.005 ( 4.39 %) |
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| Open | High | Low | Volume | ||
| 23.0¢ | 24.0¢ | 23.0¢ | 2838546 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| LRS (ASX) Chart |