1D. ADX still in a very strong trend (57.8) however, there is growing strength with the bearish directional movement.
Wave trend still showing the stock to be at overbought levels. RSI showing bearishness, with a downward release just occurring.
MACD seemingly wanting to convert into a negative state.
The Chaikin is still negative but neither drastically...
$TMZ.ASX looks like at this level.
Thomson Resources Ltd (TMZ) is an Australia based exploration company focussed on the discovery and development of mineral deposits within NSW and in particular the unexplored Thomson Fold Belt. The current focus of the company is on Bygoo Tin Project.