The SP has a pattern of diverging from the 20 day EMA only to come back to it and sometimes even below it.
This is the one day chart and you can see the pattern repeated many times.
Therefore my estimate is either the SP moves sideways and the 20 day EMA catches up or there's a snap back to the line.
If general sentiment is the SP has some room to grow then any snapback may be a buying opportunity.
As per others OMO DYOR
The SP has a pattern of diverging from the 20 day EMA only to...
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Last
18.5¢ |
Change
0.005(2.78%) |
Mkt cap ! $284.7M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.5¢ | 17.5¢ | $492.0K | 2.745M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 165250 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 223350 | 9 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| SWM (ASX) Chart |