Still enjoying this move. 3 candles well above the 8ema means it's gotta have a "coming together" shortly and monitoring the continuous upper wicks indicates the same. Some lovely intraday trades on offer for those inclined, easy wages.
For those interested in RSI well it's still has a fair way to go before it reaches oversold or boiling point so that's not an issue on the daily time frame.
Volumes are impressive but a lot of that is traders churn. Watching the tape burn through indicates parcel size.
Higher highs and higher lows plus green candles keeps us all happy. Any red candle closing below the 8ema is curtains for me.
This 30 min chart gives an example of intraday action giving a pretty easy read of the play. Ideal for traders.
Cheers
May Chart, page-5828
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Last
2.2¢ |
Change
-0.001(4.35%) |
Mkt cap ! $74.14M | |||
| Open | High | Low | Value | Volume |
| 2.4¢ | 2.4¢ | 2.1¢ | $444.7K | 19.98M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2048367 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 1402823 | 5 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| MAY (ASX) Chart |