The last significant bottom of $2.50 was the lowest CMM has traded since 01/11/21.
It occurred on a quad witching day 16/9/22. The volume was huge. The opportunity was huge.
This Friday is also a quad witching day. Will they take it down again and offer another solid entry / addition point?
These are previous quad witching (options expiry) dates and how we traded on those days.
Should we fall out of the current pennant Friday closing below $4.025, the major pennant support line should sit around $3.31 - $3.33.
Below that lies the top pennant line from last years pennant at - would you believe - $2.50.
If $2.50 breaks we are probably in the cross hairs of a hostile takeover.
Helmets on, trucks in reverse, hold your nose etc.
Bearish and bullish all at once.
I still rate our chances of breaking below the current pennant under 50%
CMM CHART, page-297
-
- There are more pages in this discussion • 119 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CMM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$6.45 |
Change
-0.050(0.77%) |
Mkt cap ! $2.435B | |||
| Open | High | Low | Value | Volume |
| $6.52 | $6.52 | $6.33 | $6.623M | 1.029M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 360 | $6.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.45 | 5940 | 1 |
View Market Depth
| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| CMM (ASX) Chart |