""Perhaps you would like to tell us if your interpretation of the current charts in your opinion tell you the stock will continue in a downtrend or whether it will consolidate etc. The way you have posted seems to imply you expect to continue downwards or have I interpreted your views incorrectly. I would appreciate your clarification please.""
eagle888
In simple form, atm the weekly indicators/chart remains in a downtrend. Any upswing in the stockprice on a daily basis is irrelevant (for some,me) until the weekly indicator/chart is trending up. Obviously this is only relevant to the medium term trader.
A few technical points:
The stock is in a short term uptrend atm
The stock is in a medium term downtrend atm
The stock is in a longterm uptrend atm
The stock has good support around 26 cents.
ps. eagle if I knew whether the stock would continue in a downtrend or consolidate I would be the richest man in the world, just trade the trend the market provides no guessing or hoping and be disciplined. Goodluck
""Perhaps you would like to tell us if your interpretation of...
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Last
32.5¢ |
Change
-0.015(4.41%) |
Mkt cap ! $472.0M | |||
| Open | High | Low | Value | Volume |
| 33.0¢ | 33.8¢ | 32.5¢ | $718.9K | 2.181M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 183899 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 200000 | 1 |
View Market Depth
| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| IMM (ASX) Chart |