Just a quick observation on a couple of oscillating indicators in the daily chart with a potential entry point:
- Stochastic
- %K dipped below 20 (oversold) earlier this week and is rising back up now.
- %K has just crossed over above %D (buy momentum)
- MACD
- MACD line appears to have hit a trough and looks to be bouncing back up towards a potential crossover above the 9-day EMA Signal line (buy momentum)
Provided the MACD crossover occurs during the next trading day (ideally within 1-3 days after a stochastic crossover), we will have a 'bullish' trend confirmation and a strong buy signal to enter based on a Stochastic MACD Double Cross strategy.
NOV Chart, page-516
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Last
3.2¢ |
Change
-0.002(5.88%) |
Mkt cap ! $13.00M | |||
| Open | High | Low | Value | Volume |
| 3.5¢ | 3.5¢ | 3.2¢ | $53.72K | 1.662M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 499999 | 3.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.4¢ | 1306382 | 2 |
View Market Depth
| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| NOV (ASX) Chart |