Do you want to elaborate on that assertion a little?
We're not back in an uptrend, but I think you can hardly say a down trend 'dominates' - at least not from anything I can see on the charts.
Lately, the volume has petered out to almost nothing, so no trend is 'dominating' right now. Check out also the super flat MACD.
Zooming out a bit, yes maybe we're not yet hitting higher-high's but we're certainly hitting higher (or at least consistent) lows. The descending wedge that played out is not inherently a negative indicator (bullish even) and it's played our right down to the edge and then continued out on the positive side.
Do you want to elaborate on that assertion a little?We're not...
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Last
54.5¢ |
Change
-0.010(1.80%) |
Mkt cap ! $206.9M | |||
| Open | High | Low | Value | Volume |
| 56.0¢ | 56.3¢ | 53.0¢ | $707.1K | 1.299M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20954 | 54.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 54.5¢ | 4905 | 1 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| TLG (ASX) Chart |