EYE 1.82% 27.0¢ nova eye medical limited

The chart has been a bit of a mess since the raise so I've been...

  1. 264 Posts.
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    The chart has been a bit of a mess since the raise so I've been waiting for that to reset a bit. Removed a few things and will be focusing on the most recent action.

    1. Pinch obviously failed with the raise announcement.
    2. VWAP anchored to the Ann. Price rejected the most recent weekly volume imbalance, then closed under the AVWAP with another 4 days of rejection from it. I expected a retest of the bottom of the range but looks like we've had some good buying pressure.
    3. Break above, brief retest
    4. Pushing back up into the WVIB and pinch AVWAPs. Another day of rejection so far. I'll remove one of these after this post. No point in both showing the same information.

    I had mentioned a Monthly Wyckoff spring somewhere in another post. That's still intact in my view, and tbh probably resembles a typical spring a bit more accurately than if we shot straight through. We're now flopping around on the Daily with a bullish bias at the moment, so getting back above the pinch AVWAPs is the first step to attack the .32 resistance again.

    Last edited by Teeth: 04/04/24
 
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EYE (ASX) Chart
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