Yesterdays vol was 354% above the 65 day AVG. I prefer to track the 136 day AVG, which is 536k. The last 5 days have be above the 136day AVG each day creeping up higher. However, money flow has been steadily on the negative remaining below -25%. Yet slowly rising. Price remains supported by the 52 day EMA. With 0.27 being ultimate support. 0.27 is the area to watch for test and bounce off above the 52EMA.
IMHO:
Conclusion expect more sideways movement as volume is soaked up and money flow regains strength. Price is trapped between two very strong support and resistance areas.
- Forums
- ASX - By Stock
- TA Perspective
Yesterdays vol was 354% above the 65 day AVG. I prefer to track...
-
- There are more pages in this discussion • 566 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)