Sharing my IAM chart post for any interested.
AM keeps making new records, new all time higher close!
Chart looks amazing!
Daily is so bullish!
All the candles since it re-listed have really remained above the Light Green MA 5d/10d line, a few small moments where it dropped below and was oversold, but since 4c has remained above, this is a very bullish indicator and is still sitting above all the MA and EMA lines. Great indicator of the run still going!
Today's volume a little off after yesterdays spike but a nice low volume pullback and consolidation, bouncing off support at 8c which is a very strong support level now. A lot of profit taking today and those who bought yesterday taking the chance to exit, likely something they will regret.
MACD trending up and looking bullish.
The intra day chart paints a very bullish picture and show the true behaviour as it's so volatile.
Can see the sideways movement of the MACD (circled) and even the candles, it's been in an accumulation channel for a short while in recent days between 8c and 8.3c and the Volume is the biggest telling of this.
Also a bullish Symmetrical triangle formation and the uptrend line of the candles base all looking very good.
Symmetrical triangle of the MACD also a great signal of the MACD ready to reverse and move up.
Looking very good leading up to the MOU2 deal with a Financial Planner larger than Sentry Group who's already on board along with iPAC.
- Forums
- ASX - Short Term Trading
- Short Term Trading Week Starting: 12 Dec
Sharing my IAM chart post for any interested. AM keeps making...
-
-
- There are more pages in this discussion • 249 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
FWD
Queensland's housing crisis an opportunity for ASX builder Fleetwood – and taxpayer cash a safe harbour from the storm
SKS
SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne