For those who are interested; here are Pivot Points calculation based on last trading day. S2 - .15 S1 - .16 PP - .17 R1 - .18 R2 - .19. The day finished on a doji indicating a fight between buyers and sellers as to where the price is heading. When a doji follows a white candle it forms a bearish harami cross; which could signal a reversal or slowing down of the upward move. However, the market has hesitated on a number of occasions to reverse the move north. In this instance I am going with price and momentum indicators that are still showing strong movement north. A close on or above the previous close tomorrow suggests a price move to resistance of .18 - .19. All IMO.
- Forums
- ASX - By Stock
- upward movement
For those who are interested; here are Pivot Points calculation...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DTE (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online