fer those who are interested, this is the 5 minute chart going back to mid november.
The rise is framed by the black pitchfork with the extra channel placed on top (via a superimposed fork).
Notice that price is still within the green consolidation fork and that as yet, the top line has not been tested. Notice also that the 5 min slow stoch is set to rally. The 3rd feature is the EMA8(green) above the EMA34(gold).
The quick prognosis is that none of the 3 conditions which should mark the limit of the rally has yet occurred, and the indicators are in position to continue the rally with a break above the consolidation fork's resistance tyne, if enough energy comes from a lead from the other markets, or whatever. I am sticking with it for the moment on the basis that you have to give things a chance sometimes. I am betting we cover the gap, and head back up.
the chart
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$32.24 |
Change
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Mkt cap ! $7.682B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2731 | $32.20 |
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| Price($) | Vol. | No. |
|---|---|---|
| $32.33 | 4953 | 3 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| ALD (ASX) Chart |