Headed to 10c-12c? Gap up
OR flatline around here till more news?
Volume still decent, but no large sellers
40M cleared the decks on Monday
Not much sellers left looks like
MACDs will go positive in the next 7 days also!
RSI Stochs MACDs all in reversal
The volume smasher on Monday put a marker down as a bottom point
Trading rule 12
Record High volume is generally a marker for a bottom or a top depending on where it appears on the chart
So high volume at a 15 year low SP for POS well below the std of 7c -30c of the last 7 years implies this is a SIGNAL for a bottom and a large rerate is coming.
Remember even Itchimoku Trader the Great told us
"Im waiting on the volume " & the MACDs monthly......
Here it is Itchi, all 40M of it this week.
Looks like a volume confirmation of a bottom.
POS charting, page-3
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Last
0.4¢ |
Change
-0.001(11.1%) |
Mkt cap ! $14.85M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.4¢ | $18.29K | 3.835M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 86 | 42537471 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 11954953 | 22 |
View Market Depth
| Last trade - 15.27pm 05/07/2024 (20 minute delay) ? |
| POS (ASX) Chart |