A descending triangle formation at play here. Stock has beat down to its lows and consolidating down here for a few months now, this consolidation phase is essential to remove as much resistance as possible in anticipation of the mark up phase, which would be when it reaches the end of the triangle late January.
Im seeing some convergance on the RSI and MACD which is an indication of accumilation, Chart is trending down yet RSI and MACD trending up... Average volume is also building down at the lows. Looks like FA and TA ligning up to me.
Weekly chart also showing descending wedge pattern ready for breakout
Lots to like on this chart, just needs to soak down here for a while till its ready to go, should have a comfortable push higher as sell side is deteriorating fast and a fundamentals are getting stronger rapidly.
RBO - Technical Analysis
-
- There are more pages in this discussion • 23 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SWP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
20.0¢ |
Change
0.010(5.26%) |
Mkt cap ! $41.64M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 20.0¢ | 18.5¢ | $21.72K | 112.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 31255 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 10038 | 2 |
View Market Depth
| Last trade - 13.52pm 11/07/2024 (20 minute delay) ? |
| SWP (ASX) Chart |