The Raff channel is still running down, but MACD shows rising support, i.e. Bullish Divergence.
Combined with market action - reduced supply, rising demand - this suggests to me a turn could be imminent. As long as 61c remains resistance, it's still risky and may not eventuate. But that's what stop-losses are for. My line in the sand is 57c, giving me a 3c risk for 10c reward - possibly twice that.
The Raff channel is still running down, but MACD shows rising...
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Last
56.5¢ |
Change
0.005(0.89%) |
Mkt cap ! $212.6M | |||
| Open | High | Low | Value | Volume |
| 57.0¢ | 57.0¢ | 56.5¢ | $68.82K | 120.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 7209 | 56.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 56.5¢ | 49921 | 9 |
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| Last trade - 10.30am 20/06/2024 (20 minute delay) ? |
| TLG (ASX) Chart |