The wonders of staying home on the weekend..... lol Nah... nice and cosy and great food coming up soon....
Well folks, Let's talk WEEKLY CHART, Shaw we ?
Weekly Chart below:
Well, what an interesting 5 weeks we are having hey ?
Now, let's concentrate only on the last 2 weeks as IMHO, it marks one of the most important signals within the last 8 months of trading.
The 200-day Moving Average(yellow line) has been broken now for 2 weeks.....
Tested last week and finally broken this week.....
One of the bottom TREND LINES in white(circled) has also shown a break on the trend... and it shows clearly a DOWN TREND now since June this year IMHO....
This has not happen for ages ! Last recent time we have broken it on the weekly chart was back in 14/11/2016..... This is SIGNIFICANT SIGNAL folks !
Stochastic has now crossed totally to oversold levels.... the difference here is that at the level of sells against buys... Stochastic might be indicating that it will be staying at those levels for a long period.....
For the conservative force out there.... this is the time to enter SHORT.... for the ones that have done the homework and researching... you are "IN THE MONEY".......ALREADY.....
There is immediately $4.11's and then major $4.03's to be broken..... not a Fort of resistance by any means IMHO..... when this breaks $4.03's, the SP will quickly run to $3.80's and then re-test $3.71's..... it will not hold for long and you will see $3.32's coming up..... the rest of the story... or should I say History, will be told when we get the important and interesting economic developments... globally and internally.....
OZ land is defying the gravity for over 23 years now...... last generation has no idea what a correction is...... what an amazing economic books this will be......
Pay your debts folks... the ones cashed up will be window shopping in a limousine IMHO......
Debit Ceiling meetings are coming very soon..... October FEST.......
WEEKLY CHART:
Enjoy your weekend folks
cheers
T10
Shorting the Housing Bubble in Australia, page-70
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Last
$5.15 |
Change
0.000(0.00%) |
Mkt cap ! $12.74B | |||
| Open | High | Low | Value | Volume |
| $5.17 | $5.21 | $5.12 | $37.27M | 7.228M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 311570 | $5.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.16 | 16163 | 2 |
View Market Depth
| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| SGP (ASX) Chart |
