This is my weekly chart of AJM.
In my charting experience the orange lines I have placed on this chart show a cup and handle formation. A fairly reliable pattern and one I am constantly on the lookout for. We do of course need to break through recent highs to confirm.
The good news from this pattern and also considering the lengthy sideways movement (base) from June 2016, is that a breakout should see the January 2016 highs be tested.
I will not however be buying any (more) shares. That is because I already have my fill
AJM Chart, page-930
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Last
4.4¢ |
Change
-0.005(10.2%) |
Mkt cap ! $10.87M | |||
| Open | High | Low | Value | Volume |
| 4.9¢ | 4.9¢ | 4.4¢ | $11.97K | 271.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 179477 | 4.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.5¢ | 171729 | 1 |
View Market Depth
| Last trade - 15.49pm 18/07/2024 (20 minute delay) ? |
| 1MC (ASX) Chart |