Here is an update to my previous chart (price at time 51cents). IC chart recommendation at time of posting. "A trader basing his or her trading on the weekly, daily or hourly IC chart would be neither long nor short PEX at the moment, they would be on the sidelines."
The weekly chart is still stuck in the parallel descending channel, the base of which has just intersected the 200 day EMA. The IC chart recommendation remains the same as previously for the weekly chart but I have noticed that a valid short entry was signalled on the daily IC chart on the 8 August 2018 which remains in place. The price action on the daily chart would need to break above the Kijun-sen line (currently at 42cents) to signal an exit to the short position on this chart. A valid short signal also opened on the hourly IC yesterday. The hourly price would need to close above 40cents to exit this short position.
The chart needs to hold its head above that 200 day MA or its going to get even more bearish than it currently is. I'm looking at the 200 day MA for a possible level to re-enter the stock again. Its been hard for those who stuck with the story I know, but that's the market for you. Hopefully the chart will turn soon enough. Esh
Here is an update to my previous chart (price at time 51cents)....
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Last
11.5¢ |
Change
-0.005(4.17%) |
Mkt cap ! $63.91M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 11.5¢ | 11.5¢ | $11.37K | 98.94K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 89603 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 113500 | 3 |
View Market Depth
| Last trade - 15.48pm 29/11/2024 (20 minute delay) ? |
| PEX (ASX) Chart |
