Short term head and shoulders pattern forming,with a bit of wicking appearing yet again, which probs shows a bit of nervousness as buyers and sellers jostle for the upper hand.
Depth is almost counter~intuitive as well, compared to price action.
The buybacks too tend to distort the perceived buyside ratios , so definitely adds a bit of colour to trying to base further directions, and a bit of early volume today too is really interesting.
On the upside, IF the H &S DOES eventuate, we could possbly see a finally see my pullback to the base of the shoulders ( .335) and then surge up to short term highs. (.43ish)
If it doesn't, then buyers could push up to test those .385's yet again, forming a new base and testing different conclusions
Tin prices could too have a nett effect on trading demands, and with the BDI hitting 6 week lows, it poses both interesting freight prices and shipping demand pressures.
Guess the US market behaviours over the short term could guide the ASX , and with interest rate decreases looking more and more unlikely into the mediumterm, longer term resource prices could move higher, even with a basing of iron ore.
The next quarterly will be something to watch and see, especially with that elephant in the room,cash at bank pressures...
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Last
40.0¢ |
Change
-0.005(1.23%) |
Mkt cap ! $367.0M |
Open | High | Low | Value | Volume |
40.0¢ | 40.5¢ | 39.5¢ | $267.8K | 669.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 571790 | 40.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
40.5¢ | 229399 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 571790 | 0.400 |
5 | 236945 | 0.395 |
4 | 61589 | 0.390 |
6 | 114813 | 0.380 |
3 | 48266 | 0.375 |
Price($) | Vol. | No. |
---|---|---|
0.405 | 229399 | 7 |
0.410 | 393800 | 16 |
0.415 | 165327 | 8 |
0.420 | 100808 | 3 |
0.425 | 115462 | 3 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
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MLX (ASX) Chart |