This was a beautiful setup, demonstrates the power of a move once a precious resistance line is broken with strength. Target based on measured move from the previous support (low) to the initial resistance (high). Expect a pullback now that the move has played out.
Watching for week, has traded strongly within deep weekly channel for years. Validation supported by switchback of WMAs.
Volume has been low in last week but the price has now moved back to the old resistance on the weekly.
Looking at a potential break of the long term uptrend. Waiting for confirmation
Trading back above the WMAs after putting in a higher low, looks to be ready to push the resistance at 85 again.
On the cusp of a long term breakout on the weekly chart with an uptick in weekly volume in recent weeks. Await confirmation of the break which will also require a break of the long term horizontal resistance at $1.32-1.33.
SP has broken through the long term resistance on the daily once again. Volume isn't that convincing though but I'd like to see this push through, then if it retraces, bounce off the new support (old resistance).
Clear support and resistance on the daily. Looks to be in no mans land. Watching for a bounce off 86.
Chart indicating that the bottom is potentially in here; positive indicator that the SP is above the WMA. Would be bullish if we see the top of the wedge broken in the coming weeks and/or an uptick in volume.
Weekly chart breakout. Long term resistance at $32.96 was clearly broken on the back of strong earnings results. Awaiting retest of new support (old resistance). Chart also shows the power of the golden cross of the WMAs which occured on 25/03/2019. Price broke through 15 week WMA at the time (this was the buy indicator).
Similar to $CBA, $NAB and the other big banks are looking a bit sick. SP just inside the trend line on the weekly but need to assess on a week to week basis.
Really not liking this weekly chart. Gap down outside of the support line and well below the 30 week WMA. Still 4 days in the week but if it stays outside of the trend line I think it's only down from here and possibly last time above $70.