When you look at the (weekly)
in terms of price we are back at point C (pls see attached price charts). We got there via a large dominant candle. The daily shows how the dominant candle was formed. In T/A terms it was an impulsive ("no overlaps between candle bodies") move down. The candle bodies ( as Steve Nison points out the "body is also telling you about the momentum") now starting to get smaller & overlapping (corrective) so Daily momentum is slowing. Need to see some closes on the highs. And then a lot of healing (sideways base building) to get back to the overlap point of $1.15.
Here is an example (ALU) of what you might start to see if prices are going higher on the hourly timeframe:
When you look at the (weekly)in terms of price we are back at...
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Last
99.5¢ |
Change
-0.005(0.50%) |
Mkt cap ! $521.4M | |||
| Open | High | Low | Value | Volume |
| $1.01 | $1.02 | 98.0¢ | $2.141M | 2.148M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5483 | 99.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 99.5¢ | 8998 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| TYR (ASX) Chart |