Three bars on STX which holders should like - capitulation followed by the indecisive doji and then the wide spread and above average volume green bar.
Hopefully all good and the change in momentum will continue 'cause STX has copped a bit of a caning.
What I do like is that positive divergence on the RSI though. I'm not a great fan of indicators but the RSI as a leading indicator is worth keeping an eye on especially as a divergent indicator and as a failure swing indicator. In this case just a straight out bullish divergence - the share price equaled the lows of last Feb./March but the RSI kept well above its previous oversold low.
Take that any day.
Three bars on STX which holders should like - capitulation...
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Last
22.5¢ |
Change
-0.020(8.16%) |
Mkt cap ! $643.6M | |||
| Open | High | Low | Value | Volume |
| 24.5¢ | 24.5¢ | 22.5¢ | $2.367M | 10.32M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 1082648 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 613933 | 8 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
22.5¢ |
Change
-0.020 ( 6.52 %) |
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| Open | High | Low | Volume | ||
| 24.0¢ | 24.3¢ | 22.5¢ | 2904562 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
| STX (ASX) Chart |