anyway on my chart trader the mavs on the SPI
( thats 21,55,144 , time defalt setting 30 mins)
came together at 5 pm on friday at 4491 ...on my other charts the volume weighted moving average is running at 4489 ..close enough ! and what that tells me now is that with the current trading price of 4508 we are trading above that the market has determined as a fair price ..and thats why i'm playing it from the srt side untill I'm wrong. looking a bit further out the mavs are going to come together again around the same levels 4490 ..and that will be the second time it has reached a consciensis ...now it can trade at 4490 forever but it won't ...
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Last
8,580.1 |
Change
-9.100(0.11%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,589.2 | 8,619.8 | 8,568.2 |
| XJO (ASX) Chart |