Hi everyone . This is a correction to my impoverished technical analysis from yesterday .... as you can see the 6 million trades were not actually attached to a candle at all . Just that little line up there at $1.95.
For others who know not, those lines are special little markers and very important, despite being nearly invisible.
They are called ‘ dojis’ and occur when open and close prices are identical or near identical .
https://investinganswers.com/financial-dictionary/technical-analysis/doji-candlestick-853
“A doji represents a supply/demand equilibrium -- a tug-of-war where neither the bulls nor bears are winning. In the case of an uptrend, the bulls have by definition won previous battles because prices have recently moved higher. Now, the outcome of the latest skirmish is in doubt. Meanwhile, after a long downtrend, the opposite is true. The bears have been victorious in previous battles, forcing prices down. In this case, the bulls have found courage to buy and the tide may be ready to turn.”
View attachment 1368833
As you can see in today’s Candlestick chart we got ( I think) another doji ...this time a long legged one.
And whilst, intraday, we tapped the underside of the “$1.96 lid “ to the trading channel the chart mage has repeatedly shown us in his TA , and which the price has been (mostly) respecting, that was it.
- really I just wanted to apologise for an hilarity of TA misreadings which sadly are not intended to be so but felt I should say something else as well.
Including, seeing as I am here
Shorts yesterday :
That was slightly more than the 915,466 trades I collected as S3XT’s .
Cheers
- Forums
- ASX - By Stock
- NWH
- Chart Update
Chart Update, page-591
-
- There are more pages in this discussion • 351 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add NWH (ASX) to my watchlist
(20min delay)
|
|||||
Last
$3.90 |
Change
0.050(1.30%) |
Mkt cap ! $1.574B |
Open | High | Low | Value | Volume |
$3.91 | $3.92 | $3.84 | $3.306M | 850.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 6791 | $3.89 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.91 | 14942 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5058 | 2.370 |
4 | 18795 | 2.360 |
4 | 37687 | 2.350 |
1 | 7879 | 2.340 |
3 | 24992 | 2.330 |
Price($) | Vol. | No. |
---|---|---|
2.390 | 11634 | 3 |
2.400 | 71958 | 7 |
2.410 | 16085 | 2 |
2.420 | 19941 | 3 |
2.460 | 816 | 1 |
Last trade - 16.10pm 27/11/2024 (20 minute delay) ? |
NWH (ASX) Chart |