Primary hourly trend in blue.
Bear flag from point A to B in corrective wave.
Distribution late in the session yesterday most likely motivated by seller's desire to 'paint the tape' and break the hourly trend. Makes sense to do this right before July 4th, knowing instos are away on vacation. Even if high impact news is released, buying pressure should be muted, thus giving the seller an opportunity to buy back in the unlikely event high impact news is once again released at/near the end of the week.
In my view, good idea to accumulate here the rest of week around VPOC $0.47.
Any close above $0.55 would be a buy signal (corrective down channel and bullish underthrow).
[IMG] Primary hourly trend in blue. Bear flag from point A to B...
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Last
$3.15 |
Change
-0.130(3.96%) |
Mkt cap ! $884.0M | |||
| Open | High | Low | Value | Volume |
| $3.22 | $3.27 | $3.15 | $2.389M | 748.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 17669 | $3.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.17 | 625 | 1 |
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| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| ADT (ASX) Chart |