Yes, you're right it's the first signal for a while that selling is tiring. But also very noteworthy was that today was the highest volume for over 12 months.
But no doubt about it now, RSO is well into oversold territory.
For those interested in the intraday stuff then this 30min/ hourly charts are finally printing greens but need to see them printing above the 8 and 20ema's before an entry could be considered IMO.
For the very long holders, the most important chart is the weekly and I'm only posting this to display that RSI reaching oversold territory on a weekly chart for a bluey is very rare. It hasn't been this oversold since 2015. Food for thought.
Cheers
Yes, you're right it's the first signal for a while that selling...
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Last
$51.23 |
Change
-2.110(3.96%) |
Mkt cap ! $10.06B | |||
| Open | High | Low | Value | Volume |
| $53.00 | $54.88 | $50.15 | $125.3M | 2.406M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 22146 | $51.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $51.25 | 1000 | 1 |
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| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| MIN (ASX) Chart |