Weekly chart with 100 and 50 week MA lines.
Volatility has been decreasing for some time now.
$2.50 low in Sep 2022 marked start of trend change.
Upper RSI resistance trend has not been tested since initial run to $4.80's in H1 2022.
Lower RSI support trend has been repeatedly tested as the entire precious metals sector suffers enduring price suppression campaigns.
Lower RSI support line steeper gradient than resistance ultimately leading to a narrowing wedge embedded in +50 RSI zone by late 2024 unless current trends are broken.
Enough room within narrowing wedge to spend all of 2025 above 50 RSI - (weekly don't forget).
Thoughts welcomed
CMM CHART, page-340
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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 |