hsvls, it still looks like it wants to go lower imo. The fact that it fell through the 195/200 EMA is not good and I am really struggling to find any support at these levels sicne it just fell through $25. If by some chance it can get back above $25 and hold it on the close it may consolidate but I wouldn't count on it until it gets back above the 195EMA imo. There is also a descending trendline which has caused resistance in the last few sessions (see below) and it will be difficult to get through that. DAILY slow stochastic is now in oversold but the WEEKLY slow stochastic indicating it has further to fall before it is even in oversold area. (see indicator below chart)
Interesting the 5 day intraday chart is suggesting it may go as low as $23 before finding solid support.
DAILY chart with WEEKLY slow stochastic
short time, page-31
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Last
$14.55 |
Change
-0.630(4.15%) |
Mkt cap ! $7.698B | |||
| Open | High | Low | Value | Volume |
| $15.07 | $15.17 | $14.55 | $35.32M | 2.401M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 18117 | $14.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.60 | 683 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| WOR (ASX) Chart |