Good little bullish reversal set up:
First arrow = high volume selling - high volume equals exhaustion move.
Second arrow = buyers enter to prevent a further selling attempt from pushing lower.
Third arrow = low voume rally shows that sellers are mostly done given how easily it rallies.
Fourth arrow = low volume sell down to retest the buyers followed by a high volume buy to test supply - no more supply found so the buyers let it rip and buy buy buy.
Given it held the support wedge it's likely to hold the larger wedge and then start to form another smaller mini wedge.
Good little bullish reversal set up:First arrow = high volume...
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 (20min delay)
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Last
$183.83 |
Change
-4.170(2.22%) |
Mkt cap ! $70.40B | |||
| Open | High | Low | Value | Volume |
| $187.10 | $187.69 | $183.36 | $175.3M | 950.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8 | $183.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $183.97 | 4944 | 2 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$183.52 |
Change
-4.170 ( 2.58 %) |
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| Open | High | Low | Volume | ||
| $184.50 | $187.68 | $183.38 | 144706 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| MQG (ASX) Chart |