@paddington bear ... Hope you don't mind; I had a quick look at your 'belovered' DEV and can see why you picked today as a potentially good entry level day.(see my AP + MA 1st chart below). However, I'm guessing that probably the best it will do in this bounce would be to test the top (pink) resistance band. Why, because both MACD's are far from positive. Therefore, I'd be expecting at the very least just a bit of range trading to take up some TIME(for both the MACD's to be in-sync and for Traders to become more confident in the SP "picture"). Having said that, I think your entry level may prove to be within a few % of any near-term low anyway if indeed you haven't picked the bottom.
And also, because I'm feelin' kind today, and just for you(and the XSO crowd), I also like to wait for my "Idiots" to give me a buy/sell signal(for entry/exits) ... See my "Close_Up" Chart and focus on the 5ema/5wma.
The Brains Trust - 2021, page-1569
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Last
3,075.3 |
Change
33.600(1.10%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 3,041.7 | 3,085.2 | 3,041.7 |
| XSO (ASX) Chart |