VMM 3.31% 78.0¢ viridis mining and minerals limited

Ann: Trading Halt, page-153

  1. 984 Posts.
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    Here is my Chart Analysis
    Feel free to add to it or point out any incorrectness

    Bearish (1 Hour T/F)
    • Today's candle closed under the 5, 9, 20 and 50 DMA's
    • RSI Dropping

    https://hotcopper.com.au/data/attachments/6124/6124805-ba94c8a4c89d47304ea651f86c7182d8.jpg


    First of all, Which channel of the below two channel charts is correct ? Or is it neither? Will let you decide.


    Bullish
    (Daily Time-frame)

    • Upward trending channel still intact
    https://hotcopper.com.au/data/attachments/6124/6124298-187b4215a23d3f72a4c4adcec37663e7.jpg


    Bearish (Daily Time-frame)
    • Upward trending channel broken
    • RSI Dropping

    https://hotcopper.com.au/data/attachments/6124/6124779-f94f543dcc3ff09c8670e700bd635161.jpg


    Bullish (Daily Time-frame)
    • Tuesday's candle: 20 DMA crossed above the 50 DMA
    • Today's close of $1.32 sitting on the 9 DMA (Some bullishness)

    Observations/ Questions:
    • Will the 9DMA be respected?
    • Has the 9 DMA been respected in the past as strong support?

    https://hotcopper.com.au/data/attachments/6124/6124787-1c94e08fd6d07902a8993ea3ca460377.jpg


    Bullish (Weekly T/F)
    • currently above all MA's.

    Bearish (Weekly T/F)
    • Above average volume ended in the red
    • RSI Dropping

    Potentially Bearish/ Resistance (Weekly T/F)
    • The 5 WMA rising and touching the 20 WMA for the first time (on a rising trend) since July, 2023

    Potentially Bullish(Weekly T/F)
    • If the 5WMA crosses above the 20 WMA, it will be the 1st time since late January

    Observations/ Questions:
    • After 12 Weeks of the 5, 9 and 20 MA's acting as resistance, will theses MA's now provide strong support? Seems Bullish.
    • The 9WMA currently sits at $1.24
    • Will find support on the 20 WMA? ($1.28)

    • https://hotcopper.com.au/data/attachments/6124/6124323-4ceca9ba2c223e9762a26d5d7cd58f92.jpg


    Bullish (Monthly T/F)
    • currently above all MA's
    • RSI Rising
    https://hotcopper.com.au/data/attachments/6124/6124348-03a8c7f2ba03fa00c502376527b64f60.jpg
    Last edited by watchthisrise: 25/04/24
 
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