"One caution though."
Yes, that is valid for every trading day.
"By this time, everyone knows the chart has turned bullish."
Yes, that's the time when more people get their courage back to buy. And that is how trend starts.
"I don't know how many punters have been riding on that green candle wave past 3 market days."
Neither do I. I only know that I am one of them.
"I suspect there will be a little shake down either after or before we retest the 3.80."
Your suspicion may be proven right. And my reading that there is still a very strong bullish momentum that can easily push the sp above $3.80 tomorrow is wrong. And if there would be a shake down, I think it would be after breaking up $3.80. We can only suspect and guess.
Anyway, I think what happened last week shows that the darkest hours has passed and the dawn is about to break. And it will sound like this:
"One caution though."Yes, that is valid for every trading...
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Last
$3.00 |
Change
-0.050(1.64%) |
Mkt cap ! $9.029B | |||
| Open | High | Low | Value | Volume |
| $3.03 | $3.06 | $3.00 | $41.07M | 13.59M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 97 | 622937 | $3.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.01 | 580 | 1 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |