Australia's largest stock trading and investment forum Australia's #1 stock forum

NMT

Click for more information

1.18%

8.4¢ neometals ltd

NMT Chart, page-371

First 371 Last

Share
Profile

Follow
Billythekid84

185 Posts.

21

21/12/22

12:43

Post #: 65399017
Share

Originally posted by jeebumba: ↑

Had a look at the chart again. Two points stand out.

1. First is the EMA 40: If we look at EMA 40, all along the bull phase there have been bounces as soon as price retreated to the EMA 40 line (yellow arrows). I can see it from Nov 2020. The first weakness appears Feb 2022. The stock recovers, bounces once off the EMA 40 (but on ordinary volume) and makes an all time high. Ever since then EMA40 has acted as a resistance line and the price pulls back as soon as it touches EMA 40 (red arrows). It has of late increased in frequency. If it does break this resistance we can expect the price to meet the down slope much higher at 1.2 AUD

2. Volume profile: We can also notice that the price is fast approaching a sparsely traded area in the volume profile (horizontal block). There is not much defense here. Looks like that could be the goal. To smash it down through this area. Could be a potential buy zone since right after we start seeing long bars again.

Which of the above will happen? Time will tell. Short term it is bearish in all the ways I see it. Let´s hope for the best.

Expand

Thanks for posting all that mate. Its great information. Def looking to trade a certain amount next year and hold the majority.

NMT Price at posting: 82.5¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

VUL

Vulcan appoints investment bank and M&A veteran to board

ASN

Utah authorities sign off on Anson's lithium extraction plans at Green River

MM8

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

ENV

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

There are more pages in this discussion • 113 more messages in this thread...

First 371 Last

Add NMT (ASX) to my watchlist

(20min delay)
Last 8.4¢		Change -0.001(1.18%)		Mkt cap ! $57.95M

Open	High	Low	Value	Volume
8.5¢	8.6¢	8.3¢	$19K	223.4K

Buyers (Bids)

No.	Vol.	Price($)
13	439	8.3¢

Sellers (Offers)

Price($)	Vol.	No.
8.4¢	1081	1

View Market Depth

No.	Vol.	Price($)
12	411	0.083
1	3185	0.082
2	266000	0.081
1	7250	0.076
3	76617	0.075

Price($)	Vol.	No.
0.084	1321	2
0.085	19927	1
0.086	20906	1
0.089	170000	2
0.090	141260	4

Last trade - 14.07pm 13/09/2024 (20 minute delay)

NMT (ASX) Chart