DOWNGRADING SHORT TERM TO A SELL! ALSO NOT HOLDING
Not sure how I feel about most people averaging in, buying more MTM/MTMO stock & options.
Daily chart shows ZERO edge for entries.
Sitting in a slight range of 12c to 10c (currently at the lower end of the range)
I suspect it won't be long before a seller drives it down to hunt out some folk
After all, lots of averaging and constant sell downs at the 12c level shows someone with supply still out there
No wonder 10c Buyers been stacked for a while, with prices reaching 12c and then selling back down immediately. 10c depth not to be relied upon despite Cap Raising.
AT THIS RATE it really won't be long before 10c Buyers are obliterated. Rare Earths in the market is good, their recent raise is good. The price action isn't.
A decent amount of Retailers following particular Twitter folk are indeed getting more and more trapped the less they're able to sell above 11.5c and 12c.
Daily Below wants to shake outcan they flush it down to the 7.5c Gap Fill Level"? Bid hitters in 5....4.....3.....2.......1
DOWNGRADING SHORT TERM TO A SELL!
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Last
3.5¢ |
Change
-0.001(2.78%) |
Mkt cap ! $9.838M |
Open | High | Low | Value | Volume |
4.0¢ | 4.0¢ | 3.5¢ | $13.20K | 364.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 365258 | 3.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.8¢ | 99999 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 365258 | 0.035 |
5 | 234647 | 0.034 |
4 | 363636 | 0.033 |
2 | 30000 | 0.032 |
6 | 832291 | 0.030 |
Price($) | Vol. | No. |
---|---|---|
0.038 | 99999 | 1 |
0.040 | 117000 | 3 |
0.041 | 112900 | 2 |
0.042 | 350000 | 2 |
0.043 | 60000 | 2 |
Last trade - 11.13am 16/07/2024 (20 minute delay) ? |
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MTM (ASX) Chart |