I see both cases on the TA for sure
@Bomber78 and others - a bullish signal (I didn't know about inverse H&S) and I don't actually mind the recent action (needs more volume though) but then again it tried to break out of the downward channel at the end of Feb and failed.
@Kingdong and others - downward channel is still in play (and one of the reasons I got out to protect capital because it is too uncertain for me atm).
So as usual with trading it means MTM could go either way lol
The fundamentals though still haven't changed. After I got out to preserve capital with a slight profit (with the fall to 12c) I have recently bought a few (a lot smaller parcel) to track more closely.
Someone is sure trying to offload a couple of million (keeps sliding it down lower on the sell side) lol![]()
Since this is a charting thread - graph below - from my learner plates on TA - looks like sold down into and past the 62fib retracement, RSI touched oversold and trending up, bit of green volume, MACD crossed and trending back up (weak), OBV hasn't really dropped dramatically, momentum still positive but weakish (?)
GLAH
(just as hit post, punched back into the green lol
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MTM
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71.5¢

MTM Chart, page-2466
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Last
71.5¢ |
Change
-0.100(12.3%) |
Mkt cap ! $373.0M |
Open | High | Low | Value | Volume |
80.5¢ | 80.5¢ | 71.0¢ | $7.096M | 9.601M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 42547 | 71.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
72.5¢ | 90422 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 42547 | 0.710 |
7 | 264533 | 0.705 |
19 | 115330 | 0.700 |
6 | 61000 | 0.695 |
9 | 225663 | 0.690 |
Price($) | Vol. | No. |
---|---|---|
0.725 | 90422 | 2 |
0.730 | 37888 | 2 |
0.735 | 30000 | 1 |
0.740 | 44285 | 3 |
0.745 | 31000 | 2 |
Last trade - 16.18pm 31/07/2025 (20 minute delay) ? |
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MTM (ASX) Chart |