It is still quite possible that the Alt count could turn out to be the right one. Cannot deny that. However,
I wouldn't expect any oscillator to be nudging any overbought position when a stock has been in a 2 month correction of the primary uptrend. Additionally, AJX hasn't made a new high since the 22nd Jan therefore as far as I know, one shouldn't be even expecting higher indicator levels.
When and if it makes a new price high, and an indicator fails to record a corresponding new high is when negative divergence becomes an issue.
Price action below 55c would confirm that AJX is still in correction mode.
I am NOT hereby questioning your knowledge and methodology, just stating my view. Either way I hope you/we all make some cash.
NB: I would not recommend to anyone to base their trading decisions on my view, so please do your own research.
TA, page-385
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Last
1.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $20.46M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 42000 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 134311 | 1 |
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| Last trade - 16.12pm 08/10/2024 (20 minute delay) ? |
| AJX (ASX) Chart |
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