Now I am not personally a big believer in charts or technical analysis for future movements, but they do make excellent demonstrative tools. Just a little reminder to all what ASM did after the usual EOFY sell down late 2023FY:
A qtry activities report end of July didn't hurt, nor the Vietnam, VTRE and Blackstone MOU, but the big mover (on 3 August) to a $2.25 high? The long term sales agreement with USA Rare Earths LLC.
Hands up who thinks we are rather overdue a couple of larger deals than that in forthcoming months? Good luck ASM holders. Personally am all in as I am going to be for while on the usual EOFY tax sale down - always painful for those who do stay in. People complain this is a traders' stock, but it rather wouldn't be if investors didn't steadily pile in with exuberance, and steadily sell out with lack of patience - it being worn understanble but selling because of a lack of it not.
As I have shown before, to scathing, ASM and ALK combined now trade below their joint pre-merger value, and for the progress in ASM, and allowing for the disappointment of the drop from the exuberant 2021 highs, that's just a bit silly from a valuation perspective.
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Last
74.5¢ |
Change
-0.050(6.29%) |
Mkt cap ! $138.5M |
Open | High | Low | Value | Volume |
81.5¢ | 81.5¢ | 73.0¢ | $444.8K | 578.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 6610 | 74.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
74.5¢ | 10897 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 6610 | 0.740 |
4 | 60189 | 0.735 |
2 | 3250 | 0.730 |
3 | 7680 | 0.725 |
1 | 2550 | 0.720 |
Price($) | Vol. | No. |
---|---|---|
0.745 | 10897 | 4 |
0.750 | 12741 | 5 |
0.755 | 4873 | 5 |
0.760 | 4603 | 5 |
0.765 | 741 | 1 |
Last trade - 14.35pm 17/07/2024 (20 minute delay) ? |
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ASM (ASX) Chart |