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
60.0¢ |
Change
-0.025(4.00%) |
Mkt cap ! $227.8M | |||
| Open | High | Low | Value | Volume |
| 63.5¢ | 64.0¢ | 59.0¢ | $435.0K | 717.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 45854 | 59.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 60.5¢ | 10000 | 1 |
View Market Depth
| Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
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Last
60.0¢ |
Change
-0.025 ( 4.12 %) |
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| Open | High | Low | Volume | ||
| 64.0¢ | 64.0¢ | 59.0¢ | 186904 | ||
| Last updated 15.59pm 04/06/2024 ? | |||||
| TLG (ASX) Chart |