MEM (ASX) MEM Discussion

Originally posted by Quest09: ↑

I is great that MEM have already recently secured $1.275 million in funding to provide the capital needed to progress commercialisation and discussions with strategic partners going forward.

I think it's notable that they ONLY raised $1.2 million when they could have had the opportunity to raise more.

IMO, the reason for raising the bare minimum could be that MEM know they have a non-dilutive funding deal coming together...or that MEM know that they have some other sort of strategic deal on the horizon which would prevent them from raising too much via a capital raise (meaning that MEM only raised the bare minimum to get them to the strategic deal on the horizon).

This is s direct quote from the Q: "CEO Dr. David Ali emphasised the importance of maintaining funding flexibility, stating the Company would
continue to explore non-dilutive funding options to accelerate product rollout."

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Originally posted by Quest09: ↑

As i suspected, lots of work going on in the background....and IMO, we will see the results of this work announced sooner rather than later.

This week, MEM is presenting a booth at the Aspire Asia Pacific Initiative on Reproduction.

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Originally posted by Quest09: ↑

MEM coming out of this conference (as above attached) with a strategic deal for sales in Singapore would be a great outcome.

Actually, it seems like a lot of the big global players are at this conference, so it's a great opportunity for strategic deals across many and various lines.

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Originally posted by Quest09: ↑

I like it when the chart looks bullish and you can see management working on the fundamentals in the background (as per above attached posts).

MEM on the weekly chart:

- Double bottom
- Increased volume
- Bullish divergence

All signs of potential future bullish price action.

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Now let's put the chart and these technical indicators together in one post.

My take on the weekly chart as per below:

- double bottom forming on price action.

- increase in trading volume

- bullish divergence on the RSI

- RSI trending upwards, has crossed the zero line, is currently in a pull back and is likely to cross the zero line again.

- MACD trending upwards, has crossed the zero line, is currently in a pull back, and is likely to cross the zero line again.

IMO, the weekly chart is showing the beginning signs of bullish price action and could be in the beginning stages of forming a new sustained uptrend.

Originally posted by Quest09: ↑

They call you a liar while THEY clearly lie through their teeth..

Weekly Relative Strength Indicator (RSI) is in a clear uptrend and the RSI moving average has just broken the RSI 50 mark.

We have now dipped below RSI 50, but a pull back is often normal market structure before the uptrend resumes.

The RSI is also looking bullish on the weekly chart IMO.

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Originally posted by Quest09: ↑

IMO, the Moving Average Convergence Divergence (MACD) on the weekly is showing weakening bearish momentum...........and a potential shift to a new bullish trend is developing as it approaches to the zero line. The trend has developed over notable time, and IMO is likely to continue.

IMO, the fundamentals are also showing potential bullish signs.....considering the recent "best in class" clinical trial results and all the potential strategic partnerships which are in development.

IMO, if MEM can continue on current track......then we could see the development of a sustained uptrend with this recent double bottom (as per above attached post) being our trend reversal point in price action.

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No.	Vol.	Price($)
23	10133464	0.4¢

No.

Vol.

Price($)

10133464

0.4¢

Price($)	Vol.	No.
0.5¢	4200000	3

Price($)

Vol.

No.

0.5¢

4200000

No.	Vol.	Price($)
23	10133464	0.004
7	3423249	0.003
5	3894000	0.002
5	7350000	0.001
0	0	0.000

No.

Vol.

Price($)

10133464

0.004

3423249

0.003

3894000

0.002

7350000

0.001

0.000

Price($)	Vol.	No.
0.005	4200000	3
0.006	5867721	9
0.007	9764169	10
0.008	2884385	8
0.009	1180000	2

Price($)

Vol.

No.

0.005

4200000

0.006

5867721

0.007

9764169

0.008

2884385

0.009

1180000

(20min delay)
Last 0.4¢		Change -0.001(20.0%)		Mkt cap ! $9.917M

Open	High	Low	Value	Volume
0.5¢	0.6¢	0.4¢	$31.48K	6.299M

MEM Discussion, page-240

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