At the end of August I suggested M7T had a short-term target of about $1.31 (posted on my own web site - not here). Reasons given were -
Elliott Wave suggests M7T is on Wave 5 which is a strong rising wave. It looks like the stock has made a Wyckoff Pattern which (using Point & Figure charts) has a target of $1.27. A recent resistance break pattern suggests a target of $1.31 which I see as a natural resistance level (the red horizontal lines on the chart).For the Elliott Wave aficionados note how close the Wave 3 peak is to the Fibonacci 261.8% extension of Wave 1 – just where theory says it should be found. Price is in an uptrend making higher lows and highs which is also a positive.
Close to breakout, page-352
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Last
58.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $139.9M |
Open | High | Low | Value | Volume |
58.5¢ | 59.5¢ | 57.5¢ | $33.24K | 56.75K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 19090 | 58.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
58.5¢ | 29759 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 20357 | 0.580 |
3 | 18953 | 0.575 |
1 | 7927 | 0.570 |
1 | 8849 | 0.565 |
7 | 12144 | 0.560 |
Price($) | Vol. | No. |
---|---|---|
0.585 | 30096 | 7 |
0.590 | 26538 | 3 |
0.595 | 2077 | 2 |
0.600 | 1167 | 1 |
0.620 | 33334 | 1 |
Last trade - 14.50pm 08/08/2024 (20 minute delay) ? |
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M7T (ASX) Chart |