This is an extremely important point. Sitting at the Long-term up Trend-line support (the long-term grey line). Price has also returned to support line of the SP latest breakout (Smaller grey tend line) We also finished the week at extremely important horizontal support (white horizontal line).
It is imperative that we hold this structure in order to keep a mid-term bullish case for the SP. Momentum indicators are also suggesting an extremely oversold reading on both the daily and weekly time frames. Whilst the monthly reading is sitting on the 20MA.
As stated earlier, looking for a clearance of $8.22 to suggest low is in. GLTA
Technical, page-1740
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Last
$8.14 |
Change
0.120(1.50%) |
Mkt cap ! $7.589B | |||
| Open | High | Low | Value | Volume |
| $8.15 | $8.27 | $8.09 | $11.95M | 1.470M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 4478 | $8.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.14 | 3619 | 9 |
View Market Depth
| Last trade - 12.32pm 08/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |