I think this overbought right now, it needs a rest.
MACD is way high and close to converging (the beginning of a bearish trend)
RSI has fallen from 75 to 60 (the current trend is dying/running out of steam)
Stochs is following RSI.
Money flow index (MFI for short) is also up in the 80's for the whole duration of the uptrend, translation: the price went up too high.
Volume is up, but price is going down. Not enough soaking- panic -selling is possible in the near future if new holders are retailers.
Current support 3.3, but if that gets pierced, you'll be looking at it dropping to the previous resistance/ new 2nd tier support at 2.3.
Pictures supplied for visual learners.
I also had a quick look at a 15 minute scan and the 50,150 & 200 day SMA are above the current shareprice. All in all, doesn't look good. This one is a watcher though.
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I think this overbought right now, it needs a rest. MACD is way...
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Last
22.0¢ |
Change
0.010(4.76%) |
Mkt cap ! $228.8M |
Open | High | Low | Value | Volume |
21.5¢ | 22.0¢ | 21.0¢ | $225.7K | 1.059M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 152857 | 21.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.0¢ | 128583 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 246349 | 0.230 |
2 | 44771 | 0.225 |
2 | 122405 | 0.220 |
1 | 12902 | 0.215 |
3 | 29500 | 0.210 |
Price($) | Vol. | No. |
---|---|---|
0.235 | 25453 | 3 |
0.240 | 50000 | 1 |
0.250 | 20000 | 1 |
0.260 | 10100 | 1 |
0.265 | 60000 | 2 |
Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
EEG (ASX) Chart |