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Where to from here?, page-119

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LingLingLenno

236 Posts.

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16/06/21

15:26

Post #: 53877290
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Originally posted by Mr.Gold: ↑

well, here is some charting/TA for those interested...

To be honest, this looks like a potential to average down for those in the red, could be a opportunity for a short term bottom... history proves when RSI and MACD data hit current level it was followed buy a incline of 40%+..

View attachment 3281654

Decline Within Longer Term Uptrend
SRN appears to be in a bearish medium term trend within a longer-term uptrend. Although the 200-day moving average is rising, the MACD is bearish. IMO looks like it may bottom out soon..

Strong Bearish Momentum
Momentum for SRN is strongly bearish. The 14-period Slow Stochastic oscillator is below 20, the level which many analysts call oversold. This means that investors have been actively selling shares and driving the price lower. Oversold can also mean opportunity for bottom price.. tempting I must admit

Low Volume
Today's volume is on track to be lighter than usual, with 11M shares having traded so far. The On Balance Volume indicator (OBV) shows that longer term selling pressure has given way to near term accumulation by traders.

Bollinger Bands Signal Volatility Squeeze
Volatility, measured using the width of the Bollinger Bands , is extremely low, resulting in a condition called the Bollinger Band Squeeze. Bollinger Band Squeezes tend to precede major price breakouts, although they do not predict which direction the new trend will take. Trend and momentum indicators can be useful during Squeeze conditions to help discern the direction of future trends.

Hmmmm, could be worth a punt at current levels due to TA indicators... is this a short term Bottom??, would seem so.. Fundamentals need to be taken into consideration, how's the money in the bank moving forward?... could be a good punt at present after looking at the over sold indicators, interesting...

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Thank you for your input Mr.Gold.

I enjoyed reading your latest post. Hopefully we can all get past the bickering and look foward to, 'potentially' good in the future.

GLTAH

SRN Price at posting: 1.8¢ Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

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(20min delay)
Last 0.7¢		Change 0.000(0.00%)		Mkt cap ! $13.90M

Open	High	Low	Value	Volume
0.7¢	0.7¢	0.7¢	$98	14.02K

Buyers (Bids)

No.	Vol.	Price($)
21	12005283	0.6¢

Sellers (Offers)

Price($)	Vol.	No.
0.7¢	12785047	18

View Market Depth

No.	Vol.	Price($)
21	12005283	0.006
45	18786371	0.005
14	11788088	0.004
8	6435674	0.003
8	13352500	0.002

Price($)	Vol.	No.
0.007	12785047	18
0.008	6884226	8
0.009	3279888	5
0.010	9685007	11
0.011	3471818	2

Last trade - 10.51am 04/10/2024 (20 minute delay)

SRN (ASX) Chart

Where to from here?, page-119

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

BCI reaches close of funding facility for salt-first part of Mardie project

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Buxton projects new graphite province discovery at WA Narryer play

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Where to from here?, page-119

Top Stories

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

BCI reaches close of funding facility for salt-first part of Mardie project

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Buxton projects new graphite province discovery at WA Narryer play

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News