I'm seeing some positive price movement from SPQ at the moment.
Strong break of trendline, (highest buy volume day in exactly 2 months). Divergence shows its strength in spotting fast momentum moves before they happen. (Divergences are marked)
Re-test of the depicted trend line (and filling of the created gap from the break above the trendline) is a healthy indication of a trend continuation, assuming this is a higher low within the future trend.
I hate trying to pick bottoms with SPQ, (which partially led to my stop-loss exit, half what I'm quite regretful of, but must not let emotion get the jump over my trading.) But over the last 3~ weeks, price action has behaved in a rather "reversitory" (I made that word up) manner, indications of such include the price action divergences visible with my markings. These depict a change in momentum, as the RSI is a momentum indicator.
A green day tomorrow, even 3%, could be a nice indication that we aren't continuing the current downtrend.
I'm glad to see the true holders are still keeping strong, hope all are well.
Edit - If any of you keen eyes can spot a price divergence from the 11th of July, to the current low, this is also a massive green flag.
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Last
0.8¢ |
Change
-0.001(11.1%) |
Mkt cap ! $16.00M |
Open | High | Low | Value | Volume |
0.7¢ | 0.8¢ | 0.7¢ | $46.77K | 6.184M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 5752740 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 2011395 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 5252740 | 0.007 |
15 | 3708685 | 0.006 |
8 | 3275966 | 0.005 |
4 | 3160009 | 0.004 |
1 | 600000 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 2011395 | 3 |
0.009 | 539577 | 2 |
0.010 | 4454595 | 5 |
0.011 | 380000 | 1 |
0.012 | 2628896 | 3 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
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