The bottom of the green circle overlaps the high part of the double top translation ~ $4.435
Will it get there? I'm dubious.
I would expect some support at $4.72, maybe a bounce to ~ $4.90.
I do not expect the 50MA to hold.
Sorry I can't paint this more optimistically - besides, to say I'm looking forward to accumulating more as we near the 200MA.
I expect the quarterly to be good, but not powerful enough to overcome an inevitable revisit of the 200MA in next few weeks.
On a positive note - we have deviated considerably less from the 200MA than other peers in the sector.
CMM CHART, page-372
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Last
$6.45 |
Change
-0.050(0.77%) |
Mkt cap ! $2.435B | |||
| Open | High | Low | Value | Volume |
| $6.52 | $6.52 | $6.33 | $6.623M | 1.029M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 360 | $6.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.45 | 5940 | 1 |
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| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| CMM (ASX) Chart |