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.
It is still quite possible that the Alt count could turn out to...
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Last
0.8¢ |
Change
-0.001(11.1%) |
Mkt cap ! $12.49M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 0.8¢ | $3.75K | 462.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1306144 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 206022 | 3 |
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| Last trade - 11.49am 04/09/2024 (20 minute delay) ? |
| AJX (ASX) Chart |