CMM 1.23% $6.41 capricorn metals ltd

If you look at the second long term line on the daily chart we...

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  1. 2,659 Posts.
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    If you look at the second long term line on the daily chart we were unable to break that on this occasion and enough TA traders will have sold. It is pretty normal to to test the BO zone then retest support. More importantly IMO if you look at the volumes on the down days they aren't massive. In a bullish trend you want bigger volumes generally speaking on up days rather than down which is what we have.

    We have churned approx. 50m shares is this accumulation zone so I believe nothing to worry about here. However as the chart suggests more time required here before the next crack at that Long term line. Upon breaking that trend line 10c first target will be cards which will start the next re rate. AIMO. GLA.

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Last
$6.41
Change
-0.080(1.23%)
Mkt cap ! $2.397B
Open High Low Value Volume
$6.59 $6.60 $6.35 $5.091M 793.8K

Buyers (Bids)

No. Vol. Price($)
2 2857 $6.40
 

Sellers (Offers)

Price($) Vol. No.
$6.41 1389 1
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Last trade - 16.10pm 02/12/2024 (20 minute delay) ?
CMM (ASX) Chart
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