DXN
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2.78% 7.4¢ dxn limited

Another day another pip down... Here is a 1 month chart...That...

  1. BagsOBucks
    4,413 Posts.
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    09/09/20
    11:59
    Post #: 47202256
    Another day another pip down... tongue.png

    Here is a 1 month chart...
    https://hotcopper.com.au/data/attachments/2457/2457253-b2677fd339d4c4de77d5206aeccb4c4c.jpg
    That pip to 2.3 would have the 10 day MA crossing the 30 day MA giving a textbook SELL signal... eek.png
    For ME though it often presents a BUYING opportunity as there can be a dump as many traders follow such signals... wink.png
    Here... little volume so clearly it's not the case though MAYBE the other possibility will be of interest to Mick as he loves the charts so... biggrin.png... that is it OFTEN corresponds to news so let me give him the opportunity for another brilliant chart bashing post by claiming news may be imminent based from the chart... tongue.png

    No Mick... not the 2A... something that will move the SP substantially though the direction is uncertain... tongue.png
    DXN Price at posting: 2.3¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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