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3,001.9 s&p/asx small ordinaries

The Brains Trust - 2021, page-1990

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dsb55

1,262 Posts.

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20/09/21

09:27

Post #: 56195305
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Originally posted by daveironore: ↑

Volume should increase in the direction of the trend as a sign of strength.

So the downtrend looks strong here unfortunately.

Hopefully it is getting towards capitulation point for you.

Its right at the 2/3rd (66%) retracement from last high. A sort of last line of hope for longs wanting a change in trend back up.

I don't use indicators but one or more may diverge from price action to give a signal. I'm sure someone else here can help you there.

Just my opinion and hope you can have a win.

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thanks @daveironore, appreciated

Originally posted by gurnz1: ↑

Most goldies exhibited similar moves on Friday. NST as an example shows OBV as selling yet the SP closed higher than opening. RRL high volume should show up with a wide spread, but it didn't change the price too much. Perhaps the bottom for all goldies, well spotted, a little too early to determine direction yet.

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thanks to you too @gurnz1

hopefully I’ll be able to get a small trade with it…….

XSO Value at posting: 3,519.6
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0 Great analysis

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