Yes the Gap at 1.305 was closed. So I have included a basic chart update:
- The orange circle is the Gap which is technically covered as the high on April 11 was 1.305. Today we touched 1.305.
- Momentum indicators in RSI and Macd are still not overbought and there is room to move much further.
- The uptrend channel (yellow highlight) since the breakout (blue highlight) in which the lower band is potentially the main support of Wave 3. It doesn’t need to re-enter this channel now but it is an important line that needs to act as support and at the right gradient for a substantial move and support up.
- Ideally, we do not re- enter the yellow channel and we hover around the bollinger upper band and track the upper line of the channel. We closed on that today.
- What I hope happens tomorrow is to hold above that upper line of the yellow highlighted channel and not re-enter the channel. Re-entering is not an issue, but it just adds extra layer of resistance to work through.
- we have horizontal resistance around the 1.40 levels. The urgency of the buying or consolidation above the channel will set it up to a nice retest of 1.42
- Forums
- ASX - By Stock
- VMM - Charts
Yes the Gap at 1.305 was closed. So I have included a basic...
- There are more pages in this discussion • 7 more messages 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 VMM (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.51 |
Change
0.065(4.51%) |
Mkt cap ! $95.95M |
Open | High | Low | Value | Volume |
$1.45 | $1.54 | $1.44 | $1.590M | 1.060M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1031 | $1.50 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.52 | 27342 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1031 | 1.500 |
1 | 3000 | 1.485 |
1 | 5000 | 1.480 |
1 | 1500 | 1.455 |
3 | 27428 | 1.450 |
Price($) | Vol. | No. |
---|---|---|
1.520 | 27342 | 1 |
1.525 | 4999 | 1 |
1.530 | 1500 | 1 |
1.540 | 5000 | 1 |
1.550 | 3614 | 2 |
Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
|
|||||
Last
$1.51 |
  |
Change
0.065 ( 4.68 %) |
|||
Open | High | Low | Volume | ||
$1.44 | $1.53 | $1.44 | 216212 | ||
Last updated 15.59pm 07/05/2024 ? |
Featured News
VMM (ASX) Chart |
The Watchlist
HAR
HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
MD
Previous Video
Next Video
SPONSORED BY The Market Online