ASM 4.76% 55.0¢ australian strategic materials limited

ASM Chart Thread, page-6229

  1. 1,348 Posts.
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    Some strong buying action returning today, which would indicate that we may have a bottom in place imo.

    On the other hand the US10Y has continued to strongly push higher, which is the main catalyst to the downward selling and shorting pressure on ASM.

    For those interested , keep an eye on the US10Y, as you can see from what I've attached, as the 10Y increases, ASM sells down what.png

    For the record, although previous chart patterns have failed, I have continued to buy at these lower levels.

    With a current MC of 800M, a defined resource, and metal plant undergoing commissioning, it would be silly not to take advantage of the current SP to add more to my position, which I presume the bigger players will be considering , something I think we saw reflected in todays price action.https://hotcopper.com.au/data/attachments/4328/4328612-17bcd9f51b5f13174e0b1af6ea893c34.jpg
    https://hotcopper.com.au/data/attachments/4328/4328615-488e25f4f05f838c9ac6a38af8925c56.jpg
 
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