Hey @curiouswon here are two charts, both daily (don't see a need to show a weekly here). The first is a close look at the past 18 months and the second takes us back to the previous all time highs.
In my opinion I'd say DOW is in the last of a long-term supply zone that formed back in 2010 when it was sold down, and a very similar sell down that repeated last year. I've marked what I believe remains of that zone with two white dotted lines. A close above $7.60 on strong volume will see this in blue skies, with little overhead resistance.
One level to watch is $8.28 (blue dotted line), keep an eye on price action from that point to identify any emerging resistance levels that could reveal itself between there and the all time high of ~$9.50. That said, given how long it's been since the 2010 all time high (marked with the solid white line) and subsequent decline, I think a lot of stale holders would have taken their money by now.
All IMO, the above is not a buy, sell or hold recommendation.
Cheers, Dan
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Last
$5.76 |
Change
0.050(0.88%) |
Mkt cap ! $3.626B |
Open | High | Low | Value | Volume |
$5.75 | $5.81 | $5.69 | $4.241M | 737.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 11134 | $5.73 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.76 | 9983 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 11207 | 7.790 |
9 | 88463 | 7.780 |
14 | 155873 | 7.770 |
4 | 46490 | 7.760 |
4 | 41979 | 7.750 |
Price($) | Vol. | No. |
---|---|---|
7.810 | 15057 | 2 |
7.820 | 86140 | 8 |
7.830 | 173913 | 17 |
7.840 | 107016 | 11 |
7.850 | 23268 | 5 |
Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
DOW (ASX) Chart |