Hi Juma, I got an update below on the charts hope it helps!Regarding TYR I have added further thoughts.
Into the close we saw what's known as a Shooting Star candle straight into the resistance trendline, closing below yesterdays fantastic yet LONG trap candle.
Then what about todays candle? Is it a short trap? All I know is that IF this cannot convincingly HOLD the $1.29 - $1.30, I fear of a Gap Fill down towards $1.17's therefore upon the breach of support I would need to CUT LONG & HIT BIDS instead
I don't want to change Sentiment into a SELL just yet based on that candle today, but if $1.29 fails, then my trade will need to exercise risk management immediately!
Sentiment is on HOLD.
Tyro Chart Analysis, page-70
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Last
77.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $407.0M | |||
| Open | High | Low | Value | Volume |
| 77.0¢ | 77.5¢ | 76.5¢ | $306.6K | 399.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 18392 | 77.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 77.5¢ | 98081 | 35 |
View Market Depth
| Last trade - 15.02pm 05/11/2024 (20 minute delay) ? |
| TYR (ASX) Chart |