Closed below 200MA today with gap filled between $4.39 and $4.41.
One more gap below to fill at $4.27 from last run up.
May continue down and revisit bottom of pennant ~$3.98 by Friday close or into next week with further USD strength.
Should the current pennant fail (<50% chance IMO), the previous pennant is likely strong support at $3.30-$3.50 range, and I believe that would be a significant buying opportunity and likely a 12mth low lining up with $2.50 (9/22) and $1.30 (3/21). (Green dotted line)
Stay well, stay mighty, and love to your families CMM legends.
CMM CHART, page-293
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Last
$5.97 |
Change
-0.010(0.17%) |
Mkt cap ! $2.253B | |||
| Open | High | Low | Value | Volume |
| $5.93 | $5.97 | $5.85 | $3.907M | 658.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 61 | $5.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.97 | 4562 | 3 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| CMM (ASX) Chart |