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.
fer those who are interested, this is the 5 minute chart going...
-
- There are more pages in this discussion • 39 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ALD (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$28.86 |
Change
-0.250(0.86%) |
Mkt cap ! $6.877B | |||
| Open | High | Low | Value | Volume |
| $29.15 | $29.44 | $28.82 | $30.67M | 1.058M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2627 | $28.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $28.87 | 1126 | 1 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| ALD (ASX) Chart |