Chart Patterns or reversal indicators that show on Candle Sticks can be an awesome indicator of change. But we also need a confirmation on this pattern to know it has strength in the change, ie large volume to support the move, subsequent bar backs up the previous reversal signal, etc.
With the current volatility in the markets, trying to use daily charts to find these signals can be fraught with danger.
If we get a reversal pattern shown on the weekly, that's going to be much more exciting as the strength in the move will be stronger.
The bar on the 8th if I was to look at a daily charts excited me the most recently, unfortunately since then volume hasn't really backed up the move, but there are signs around $1 is becoming a support area, so let's hope we can see upward movement from here!
Chart Patterns or reversal indicators that show on Candle Sticks...
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Last
$2.45 |
Change
0.010(0.41%) |
Mkt cap ! $1.691B | |||
| Open | High | Low | Value | Volume |
| $2.45 | $2.51 | $2.43 | $5.243M | 2.122M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 35541 | $2.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.46 | 2681 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PNV (ASX) Chart |