''Yeah, feel free to post whatever but saying $0.89 is pretty meaningless without giving a reason.''
Mate, this is just an example, but I actually questioned whether it would hit 95c on my very first post on the vmm threads.
89c is the support under that, com'on, it's obvious.The reason that I questioned whether it would head back to 95c was because of the amount of hype and pumping vmm at that time, I was actually tempted to buy in.
I began monitoring and analysing the vmm charts on different time-frames,
I monitored the market depth and tried to get a handle on what was happening and why
Meanwhile, I was still suspicious about the rise after the 95c capital raising
The conclusion I came to was that someone/s was selling into any buying pressure; Likely those who pumped vmm IMO.
So I was suspicious and cautious, which kept me interested in monitoring vmm until it ended and then possibly make an entry.
I've given countless opinions on SP trajectory for vmm and why I believe/d the SP would drop so much.
Here are some of my chart analysis (in no particular order) from back then that led me to believe vmm would drop to 89c.
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Last
68.0¢ |
Change
0.020(3.03%) |
Mkt cap ! $44.82M |
Open | High | Low | Value | Volume |
67.0¢ | 68.0¢ | 66.0¢ | $9.177K | 13.63K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 8660 | 68.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
70.0¢ | 3000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8660 | 0.680 |
1 | 12060 | 0.675 |
1 | 1538 | 0.650 |
2 | 40000 | 0.635 |
1 | 5000 | 0.620 |
Price($) | Vol. | No. |
---|---|---|
0.700 | 3000 | 1 |
0.720 | 10500 | 1 |
0.780 | 17500 | 2 |
0.805 | 18609 | 1 |
0.850 | 5057 | 2 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
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