Good bounce yesterday and German DAX convincingly broke out of it's downtrend.
With most indices finishing close to days highs, indicating strong buying pressure/exhausted sellers now is not the time to be short.
As said previously the Nikkei came back to test neckline of large Inverse Head and Shoulders on Monthly charts indicating nearer to 40,000.
Lots of overhead resistance in markets but although it may seem like it the declines from highs in the indices are not impulsive so I don't have a degree of confidence into shorting into any rallies and remain long for the short term at least.
Tech wreck, page-808
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Last
$2.40 |
Change
0.120(5.26%) |
Mkt cap ! $3.050B | |||
| Open | High | Low | Value | Volume |
| $2.35 | $2.43 | $2.25 | $56.06M | 23.75M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 49357 | $2.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.40 | 627523 | 29 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |