Bounced directly off 50SMA, although has broken down from a log channel formed since March 2020. It may want to test that 100 SMA (around $0.2) and form a new channel or see if it wants to get back inside. Unless the US futes roll over and crash and burn, I would think this is a BTD scenario, as correlation relatively low to the US indices anyways.
QPM Chart, page-1644
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3.6¢ |
Change
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| QPM (ASX) Chart |