Thanks for your effort. Very interesting.

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Marzy77

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29/10/17

22:26

Post #: 28295679
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Originally posted by FullMoonFever ↑

@ralom

As requested mate. Slightly longer daily and then extended monthly.

Key elements:
Horizontal lines - potential prev supp / resist areas
Pink squares - supp / resist at Kumo
Orange channels on daily
Arrowed lines for trend lines
Yellow rectangles - pos / neg momentum areas
Lt blue circles areas of poss double bottom (daily & mthly) - explanation:

http://stockcharts.com/school/doku....nalysis:chart_patterns:double_bottom_reversal

Daily - bullish Kumo break off double bottom into extended upward channel breaking some resist areas with bullish rising Kumo on predominantly positive momentum. Watch for resist areas or poss retest of support and/or Kumo.

Mthly - bearish Kumo break at the top after some sideways movement (poss distribution area) to finally seeing much more increased volume at the bottom with maybe some stopping vol around the start of the double bottom. Buyers appear to have come in at this level seemingly supporting perceived value maybe. Can see the convergence in the down trend line and rising volume plus easing neg momentum. Key resist area will be the white line & down trend line which needs to be broken on increased vol and/or accelerated ascent. Next will be the resist line an Kumo area to navigate.

Hope helps mate.

View attachment 796986

View attachment 796989

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Thanks for your effort. Very interesting.

STO Price at posting: $4.35 Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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(20min delay)
Last $6.79		Change -0.040(0.59%)		Mkt cap ! $23.02B

Open	High	Low	Value	Volume
$6.85	$6.86	$6.77	$34.22M	5.035M

Buyers (Bids)

No.	Vol.	Price($)
2	16991	$6.79

Sellers (Offers)

Price($)	Vol.	No.
$6.80	104270	4

View Market Depth

No.	Vol.	Price($)
4	129176	6.920
6	233123	6.910
9	295156	6.900
11	303505	6.890
4	129828	6.880

Price($)	Vol.	No.
6.940	107742	9
6.950	424616	27
6.960	247191	13
6.970	73167	4
6.980	17507	1

Last trade - 16.10pm 05/11/2024 (20 minute delay)

STO (ASX) Chart

Thanks for your effort. Very interesting.

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Thanks for your effort. Very interesting.

Top Stories

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