The speed with which 0,625 was hit on relatively small volume makes me think a further drop is incoming. RSI has been this weak before, and it has dropped lower as well, but check out the divergence! As the SP goes down, the pressure to return to value builds.
Unfortunately, with the economic situation in the world being so unpredictable with the impending loss of control of inflation, and conflicting reports of supply and demand of commodities (esp energy), I would not be surprised to see 0,54 or even 0,45. Nothing to do with CTM of course, just in case you're one of those interesting persons eager to blame it on management lol
Nobody cannot defeat the laws of economics (without enslaving a population, but even then...) We have value, it will be realised. Eventually. Hopefully.
CTM Chart 2022, page-445
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Last
42.5¢ |
Change
-0.030(6.59%) |
Mkt cap ! $210.8M | |||
| Open | High | Low | Value | Volume |
| 45.5¢ | 45.5¢ | 42.0¢ | $324.4K | 752.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1998 | 42.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.5¢ | 28699 | 2 |
View Market Depth
| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| CTM (ASX) Chart |