From the 20/10 when breaking above the $1.655 level, there has been a lot of low to mid closes on a little bit of extra volume- showing some supply being drawn out. But the selling has not yet followed through to produce a "decent" pullback and price has kept grinding higher - suggesting demand absorbing supply.
And yesterday we saw much higher volume and a very low close, showing obvious supply being drawn out, and the first time in a while where my momentum indicators "cooled off" a bit. But it was also the 9th day in a row where price equalled or hit a new ATH. So far today's low volume bounce suggests selling is not following through again and there's plenty of willing demand. However today could be the first time in a couple of weeks where an ATH is not hit - how super bearish is that?!!!
Below is a daily with a few thoughts on potential support levels for a few scenarios for anyone interested...
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From the 20/10 when breaking above the $1.655 level, there has...
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Last
65.0¢ |
Change
-0.020(2.99%) |
Mkt cap ! $1.576B |
Open | High | Low | Value | Volume |
67.0¢ | 67.5¢ | 64.5¢ | $6.377M | 9.737M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 19866 | 65.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
65.5¢ | 36467 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 19866 | 0.650 |
25 | 696182 | 0.645 |
14 | 910611 | 0.640 |
4 | 239949 | 0.635 |
15 | 336109 | 0.630 |
Price($) | Vol. | No. |
---|---|---|
0.655 | 36467 | 1 |
0.660 | 465555 | 11 |
0.665 | 298119 | 7 |
0.670 | 411177 | 7 |
0.675 | 402353 | 6 |
Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
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