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Day 3 Wed It’s too early to call the weekly bar yet but at this...

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    Day 3 Wed
    It’s too early to call the weekly bar yet but at this stage it looks negative closing near the low & is yet to test the old resistance at 0.105.
    The weekly bar looks similar to the 2nd bar after the spike last week.
    Stoch 5 is narrowing just under the oversold line
    Stoch 14 & narrowing just above the line
    Vol is very low relative to the last bar.
    MACD & Histogram are still rising
    If the bar was finished its build, I would have to say that the next bar will also be down & it will be another week or 2 before the resistance at 0.135 is tested again. But anything could happen up until Fri close.


    Daily
    Shorter’s remain active & the volume on the last 2 bars vol. is net selling (-4,886,956).
    The 24,595,146 Vol traded so far this week is about a 1/4 of last weeks.
    Wed. bar looks negative ATM but the selling is controlled & 0.115 looks solid support for now.
    I still expect 0.105 to be retested but it is clearly being held in the 0.105 – 0.135 range for the moment & for a reason.
    The VWAP for the last 8 days is 11.677.
    It wont surprise me now to see a shakeout on the next 2 bars, so is now a good time to announce a capital raise at 0.10?
    J13W.png
 
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Last trade - 14.12pm 18/01/2021 (20 minute delay) ?
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