Springs dont work well so well in DOWNTRENDS. However can be superb in uptrends. This is because Sellers are in control in downtrends..
IMO, todays daily bar is not something that would normally form a spring.
It looks like something much larger is in the works. To the downside.
Hope everyone followed Mitta's advice and opened a cfd account so they could be hedged?
Or is the rumbling tummy approach more fun?
hehe
mitta's spring, page-45
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Last
$7.14 |
Change
-0.200(2.72%) |
Mkt cap ! $6.673B | |||
| Open | High | Low | Value | Volume |
| $7.34 | $7.34 | $7.13 | $39.28M | 5.467M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1546 | $7.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.15 | 72361 | 6 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |