Hi Valvesound,
I always like to note any divergence (red lines and circles where price is making higher highs but indicators are rending lower) when entering or exiting a stock; for me this shows that price momentum is waning and a pull back could happen.
CDX is divergent on both the 15m and 1hr chart.
Todays price action is playing out with a pullback from he highs and could be supported at .046, but I would be looking for a technical pullback to just under 0.045 (weekly pivot/red bar), which I play as a natural support level. If I touches here and then rebounds I would be happy, otherwise wih no news flow I think this retraces to he low 4's and consolidates
DISC: I do not trade stocks in general and am more a fundamental guy myself - so this is just musing and adding to the TA thread - so disregard as all see fit.
Cheers
Charlie
TA Charting Thread, page-4
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Last
5.4¢ |
Change
0.001(1.89%) |
Mkt cap ! $15.88M | |||
| Open | High | Low | Value | Volume |
| 5.3¢ | 5.5¢ | 5.2¢ | $31.07K | 586.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 5.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.4¢ | 149188 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
5.4¢ |
Change
0.001 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 5.3¢ | 5.4¢ | 5.3¢ | 56887 | ||
| Last updated 11.47am 03/05/2024 ? | |||||
| CDX (ASX) Chart |