I disagree with the MACD looking at the longer picture avagadro mate.
On the Weekly Chart below for example, you can clearly see that MACD has still a way to go before any signs of crossing clean for any change of trend IMHO.
$4.03 is like a magnet now.... there will be resistances but, it's pretty inevitable that it will be re-tested..... and IMHO only, when the showdown of Debit Ceiling here and alive about in October, we could see the SP to much lower levels then $4's .... more like re-testing $3.71's IMO....
Daily trading are showing clearly that some small investors have thought it might be good entry point at this stage and some smallies have even covered their shorts.... but, IMHO, they are not looking closely to the big picture of last 2 quarters of this year, which will be on fire for the market...... I see a very large drop on the S&P 500 and the Dow soon..... no wonder they are proppring them up thru the FANG group..... and obviously the PPT - Plunge Protection Team has been alive and kicking.....
Also, looking at the $USD dollar and our OZ dollar $ AUD...... IMHO, this is close to turn as it is....... $USD will gain on the Debit Ceiling meetings and our $ AUD should drop.... and when our Australian Housing Bubble finally pops, you will see $ AUD dollar below 0.50's easily.... here's another play for ppl to consider..... quite a non-brainer IMHO....
Below, the same Weekly Chart but, with the MACD added to it....
Beautiful day out there.... time for some fresh air.... lol
cheers
T10
I disagree with the MACD looking at the longer picture avagadro...
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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 |
