1MC 50.0% 0.3¢ morella corporation limited

AJM Chart

  1. 534 Posts.
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    A few signals prompted me to buy yesterday. Hammer formation and MACD crossing shortly
    I like the hammer formation which seems to be reinforced by the SP closing at 20c most days reinforcing a new nice bottom perhaps
    AJM.jpg
    Hammer Confirmation

    The true confirmation of the hammer candle can only be made when the very next proceeding candle closes with a higher low than the hammer candle. This confirms the capitulation from sellers, as buyers have determined the price is too attractive to pass up and quickly buy into the position. When the proceeding candles continue to consecutively form higher lows, it indicates that the buyers are now supporting the pullbacks and bidding up shares. As the price rises higher, it can also cause earlier sellers to reconsider and buy back into the stock or other financial instrument.
 
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Last
0.3¢
Change
0.001(50.0%)
Mkt cap ! $18.53M
Open High Low Value Volume
0.2¢ 0.3¢ 0.2¢ $18.04K 7.339M

Buyers (Bids)

No. Vol. Price($)
131 192132484 0.2¢
 

Sellers (Offers)

Price($) Vol. No.
0.3¢ 50525839 92
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Last trade - 15.57pm 25/06/2024 (20 minute delay) ?
1MC (ASX) Chart
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