Agree with
@DingoBorat that given the wider macro events we will unlikely see any respite in the near term.
That said, a couple simple charts D & W.
We are at a critical level now for support and will be interesting to see if the SM etc will allow a further fall or support at this level as they appeared to poss accumulate around here previously.
Also agree that something like maybe a Moschip IP Licence Ann be welcome though given overall mkt pressure expected this week I don't feel too many companies will be immune to some level of pain.
1. Seen this support level tested several times on the D & now in the same area again.
2. After that initial accumulation (1) we can see the SM look to move SP up but rejected both times with supply. Generally, SM will back off in these situations and reset as we can see with the recent drop after to previous levels left.
3. Summary of technical indicators etc looks pretty sad obviously.
4. 20MA now just crossed back below 50.
5. Horizontal supp level & turns white when SP hits into one of these supp / resist lines.
6. Can see indicative next levels below & thicker the zone the stronger with more prev level tests.
7. Indicator that uses vol & price to try calc an indicative supply / demand image. Blue crosses Orange bullish & vice versa with the histogram and avg of the calcs & good for centre crosses.
8. RSI derived bias. O/S orange at the mo. If climbs back into centre channel then more neutral / ranging possible & if blue then more bullish bias.
View attachment 9182
1. Weekly with potential horizontal supp / resist areas plus Fib fan levels for additional levels.
2. Vol profile based on & anchored to pivots with high / low (blue lines / labels) of the value area spread and point of control (white line). Can see we are sitting near that bottom level of the most recent pivot & vol price zones as well as the high level of the previous range.
3. The green & red horizontal / vertical lines are a monthly based pivot & colours the bars according to above or below the level. We obviously below current level which was 1.13 & will provide a resist target to get through.
4. Looks for indicative buy / sell ratios based off candle spread / wicks / close levels.
5. RSI based ribbon & can see the recent cross down & bear pressure (red tris above) though there is still some minor bullish supp (bottom green tris).
View attachment 9183
Just a quick snip of Fri action which indicated a little more buy pressure but almost as equal sell pressure which we will see this week if the same form holds for this supp level.
View attachment 9184