CYM 2.63% 3.7¢ cyprium metals limited

Chart, page-235

  1. 1,067 Posts.
    lightbulb Created with Sketch. 649
    CYM has broken out of the major downtrend. Has hit a resistance level created in August/September 2022 when Glencore was holding CYM's feet to the fire with an exclusivity agreement for offtake. SP is currently trading above the 20MA & 50MA which is considered bullish with both turning upward. Another point to consider would be that institutional investors might like to keep their powder dry until the finance is completed, being risk-averse with global tensions currently. So we might see some further sideways action for this week & next week. I find it encouraging that the institutional investors have not sold off at the resistance level meaning they are actively keeping an interest on current proceedings
    https://hotcopper.com.au/data/attachments/4948/4948813-0520e976ccd026806e8fa617482b952b.jpg

    Note the falling wedge from 11c with a lower breakout to failure, subsequently pushes up strongly is a strong exhaustion move. CYM chart is beginning to look a lot better.
    Last edited by Bison8: 06/01/23
 
watchlist Created with Sketch. Add CYM (ASX) to my watchlist
(20min delay)
Last
3.7¢
Change
-0.001(2.63%)
Mkt cap ! $56.46M
Open High Low Value Volume
3.6¢ 3.9¢ 3.6¢ $51.12K 1.375M

Buyers (Bids)

No. Vol. Price($)
3 635818 3.7¢
 

Sellers (Offers)

Price($) Vol. No.
3.8¢ 165316 2
View Market Depth
Last trade - 16.10pm 19/07/2024 (20 minute delay) ?
CYM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.