Sles, agree that looks like ST support on the 6 monthly.
Unfortunately as you know MACD is lagging indicator, the sequence of candles over last few days would suggest to me the v ST top of last week's bounceback. Doji followed by sequence of candles, with long wicks on top = failure of bulls to push past resistance. I would be wary of entering now if ST trading.
I would expect the stock to bounce back once it hit the LT uptrend waround high 21s, conversely if it falls below and stays below then bail bail bail.
Speaking re: trading, LT I have no worries and personally I am in this one as a LT defensive.
All input welcome I am a TA newbie.
ying and yang, page-22
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Last
$17.01 |
Change
-0.020(0.12%) |
Mkt cap ! $25.55B | |||
| Open | High | Low | Value | Volume |
| $17.20 | $17.33 | $17.00 | $48.92M | 2.860M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 18620 | $17.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.04 | 1144 | 1 |
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| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| QBE (ASX) Chart |