I have highlighted in red circles this pattern happened in the last 3 years on the weekly chart (you can extend to 5 years, there were few more appearances). Each candle represents one week trading (5 days). The EMAs that I use are 5 (25 days), 10 (50 days), 20 (100 days) 30 (150 days) and 40 (200 days). Also, the green circle is the current pattern. It is great to finish a green candle above all those moving averages this week to confirm this signal.
In early 2020, right after the March lows, there was a break away gap up to lift the EMA 5 to above 10>20>30>40. The share price went up 100% from there. I can't predict the future when this will happen but the previous share price history will provide some guidelines. It generally coincides with a great news, hopefully the upcoming quarterly report.@Tonkin
I have highlighted in red circles this pattern happened in the...
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Last
$1.53 |
Change
0.000(0.00%) |
Mkt cap ! $1.567B | |||
| Open | High | Low | Value | Volume |
| $1.54 | $1.55 | $1.52 | $4.422M | 2.892M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 52332 | $1.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.53 | 54216 | 5 |
View Market Depth
| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
$1.52 |
Change
0.000 ( 0.02 %) |
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| Open | High | Low | Volume | ||
| $1.53 | $1.55 | $1.52 | 3414320 | ||
| Last updated 15.59pm 21/05/2024 ? | |||||
| WAF (ASX) Chart |