Looking at the LIT Global X again, we did mention the JAC - Jump Across the Creek where the momentum carries the boy scout away from the bank of the opposite side of the creek. However the boy scout then decides a rest is needed and returns to the creek, takes his shoes off, and puts his feet in the water. After his rest/backup BUEC - Backup to the Edge of the Creek, he resumes his journey away from the creek and onward. The creek no longer represents a barrier (resistance) on the journey to his destination (higher prices).
Here is the chart of the LIT Global X showing the above scenario in price action ...
New TA/Charting, page-13830
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Last
78.5¢ |
Change
0.060(8.28%) |
Mkt cap ! $1.903B | |||
| Open | High | Low | Value | Volume |
| 76.5¢ | 79.5¢ | 74.5¢ | $19.01M | 24.50M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 46043 | 78.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 79.0¢ | 62337 | 7 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| LTR (ASX) Chart |