Hi H00ts
It’s been a while. I am travelling and it’s too awkward to post charts on this device.
I agree that this crossing of the 50/200 MA is a focal point.
Looking at the chart firstly in the longer term chart what stands out is the fact that the 12MMA has been falling for 6 months in a row. That hasn’t happened since 2020/21.
With the weekly chart the 10WMA has flattened with a serious chance of turning downward crossing below the 40WMA.
I am playing the long game, but still watch the shorter term movements. With the coming couple of weeks I will be watching the weekly hi-Lo candles to see if the weekly trade falls entirely below the 10WMA, which is currently at 3.93. To me this will provide a bearish trend signal, especially if repeated in the following week.
With this bearish signal your B line support seem the likely point of interest.
We shall see?
cheers Lies
Hi H00tsIt’s been a while. I am travelling and it’s too awkward...
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Last
$2.98 |
Change
-0.020(0.67%) |
Mkt cap ! $8.972B | |||
| Open | High | Low | Value | Volume |
| $2.92 | $2.98 | $2.90 | $38.78M | 13.16M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 15056 | $2.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.98 | 89928 | 9 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |