Too much risk in another long trade at these levels due to the double top which has formed as I pointed out in my above post.
I really hate having to repeat myself.
Instead of debating me on this thread why not spend the rest of the weekend researching double tops. You never know you may even learn a thing or two about tehnical analysis.
Here's a link to get you started.
You may also want to check the "bearish/negative divergence" on the weekly MACD, but I guess you already know all about that.
http://www.investopedia.com/university/charts/charts4.asp
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Last
$1.81 |
Change
-0.030(1.63%) |
Mkt cap ! $1.446B | |||
| Open | High | Low | Value | Volume |
| $1.82 | $1.85 | $1.78 | $8.678M | 4.810M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5319 | $1.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.81 | 36852 | 3 |
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| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| KAR (ASX) Chart |