Hi Folks
With the recent action I thought it was time to take another look at the charts. The weekly charts are showing some very positive signs.
* The weekly hi-lo candles for the last two weeks have traded entirely above the 10WMA green line (bullish) and the 10WMA has turned upwards crossing above the 40WMA red line again very bullish.
* Both MACD and the Stoch's turned positive
We seem to be heading to form a one year cup with both lips at around 2.15 then we need to form a handle to allow some profit taking to shake out weaker holders. This sets us up for a breakout which will be when we close for a number of day above 2.15. If all of this happens to plan then the first extention should take us up the the 2.50 mark.
Just the way I deal with the chart so that I am not surprised by what plays out , as always DYOR
Cheers Lies
Hi FolksWith the recent action I thought it was time to take...
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Last
42.0¢ |
Change
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Mkt cap ! $170.1M | |||
| Open | High | Low | Value | Volume |
| 42.0¢ | 43.0¢ | 40.8¢ | $297.0K | 715.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 27074 | 41.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 10182 | 1 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| TLG (ASX) Chart |