I know its very early days for EMC with only being listed for hardly one month but I will put up a chart of a possible scenario that I believe could easily unfold.....
So far it looks almost identical price step for step with how RAP started their listed life, go back and have a look at RAP from mid July 2015 to mid aug 15 or so, there are some very strong similarities with how EMC is trading....
Here is a daily chart of RAP and also a daily chart of RAP, I'll let you make your own mind up what you think..... IMO EMC needs time to consolidate could spend 2-3 months without doing too much sp wise imo....
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Last
11.0¢ |
Change
-0.005(4.35%) |
Mkt cap ! $118.9M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 11.5¢ | 10.0¢ | $10.60K | 98.21K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 21601 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 93697 | 3 |
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| Last trade - 12.42pm 26/06/2024 (20 minute delay) ? |
| FLC (ASX) Chart |