Correct, long term moving average is irrelevant in this scenario.
The acquisition makes a comparison of SUM today very different to 12 months ago. Especially when their tenements are littered with Niobium.
Applying this rationale to penny stock micro caps you will miss 100% of breakouts, bigger stable blue chips it makes a bit more sense.
GLTAH
SUM Chart, page-154
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Last
17.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.67M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7000 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 59387 | 2 |
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| Last trade - 11.39am 19/11/2024 (20 minute delay) ? |
| SUM (ASX) Chart |
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