Thought I would update this chart - Last time it hit 5.5c it...

First 10 Last

Share
Profile

Follow
h00ts

30,156 Posts.

748

19/04/18

15:35

Post #: 32561692
Share

Originally posted by h00ts ↑

On your chart there was a bit of buyer interest when it fell below the lower bollinger band - RSI was also heading down towards oversold territory - Nothing too much happening to get excited about at present - Hopefully the bottom is in but there is no apparent trend change as yet - As always increased volume will be the key .

on the chart below you can see it was getting close to putting in a full 100% fib retrace before it turned back up - the previous bounce failed at the 200 EMA - A possible falling wedge could come into to play but it needs a few more touches on the trend lines

hope this helps - good luck with it !

View attachment 1041196

Expand

Thought I would update this chart -
Last time it hit 5.5c it proved to be a false break of the 200 day average - Is it different this time ?

MLM Price at posting: 5.5¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

BSR

Bison Resources unveiling large-scale mineral system at Bald Peaks

ASX Today: WiseTech tumbles as banks and tech stocks drag down market

WTC

WiseTech shares plummet as ACCC raid adds to string of investor concerns

TGN

Tungsten has soared +700% YTD, the US is curbing its exports, and this ASX stock is targeting production in Q1CY27

Market Open: Wall Street jumps but oil prices continue to climb – what will be the impact on the ASX?

First 10 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Thought I would update this chart - Last time it hit 5.5c it...

Top Stories

Bison Resources unveiling large-scale mineral system at Bald Peaks

ASX Today: WiseTech tumbles as banks and tech stocks drag down market

WiseTech shares plummet as ACCC raid adds to string of investor concerns

Tungsten has soared +700% YTD, the US is curbing its exports, and this ASX stock is targeting production in Q1CY27

Market Open: Wall Street jumps but oil prices continue to climb – what will be the impact on the ASX?

Featured News