Here's my interpretation:
Broke through very strong 4 hour downward trendline -> means reversal. Usually what happens is that we see a retest of the trendline as support and if it holds we've broken the downward trend. So get out your fibonacci retrace drawing tool out and go for broke.
I see resistances at 4c, 5c, 6.5c.
mnc chart, page-9
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.754M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.8¢ | 0.7¢ | $6.341K | 900.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1129489 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 2088615 | 4 |
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| Last trade - 15.55pm 23/08/2024 (20 minute delay) ? |
| LCL (ASX) Chart |