Thought I might make an observation that may be obvious to some and not to others. I have included two charts of CTM Daily; The first just after the traumatic apocalypse of the share price in March 2020; and the second, just recently, after the more gradual apocalypse of March 2024. Yes, both in March.
I want to focus on the gap and notice how our share price, in green, presently sits at the very base of it. As an aside, notice how there is also a gap in April 2020 that needed to be jumped as well. So, also notice the now growing volume (blue line at very bottom) and how this mirrors the growth of volume after March 2020. So, my target is 0.415.
What happens next is anyones guess...but mine is that the powers-that-be are gearing up for a FOMO into commodities as the tech stocks and crypto start to show just how vapid and over-hyped and useless they really are. Lol!
2020
2024
CTM Chart 2022, page-515
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Last
49.0¢ |
Change
0.025(5.38%) |
Mkt cap ! $242.5M | |||
| Open | High | Low | Value | Volume |
| 47.0¢ | 50.0¢ | 47.0¢ | $566.5K | 1.159M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 23660 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.5¢ | 217288 | 1 |
View Market Depth
| Last trade - 16.10pm 20/05/2024 (20 minute delay) ? |
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Last
48.5¢ |
Change
0.025 ( 1.91 %) |
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| Open | High | Low | Volume | ||
| 48.0¢ | 50.0¢ | 47.0¢ | 626450 | ||
| Last updated 15.59pm 20/05/2024 ? | |||||
| CTM (ASX) Chart |