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6.82%

4.1¢ morella corporation limited

Hey mate.....well yeh fair call....I guess....sort of Heres a...

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gtrade

912 Posts.

38

08/03/19

20:36

Post #: 37704406
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Originally posted by Rhino95: ↑

Hi gtrade, agree with what you have said in the sense of the trend has not been broken (the candles clearly remain between the long term trend lines as per your chart). In saying that, if we look more short term at the past 3 months, it would appear that the trend has become more horizontal which would indicate a potential change. We can see the top of the second last candle just poking through the trend line. A few more weeks of trading like this and hopefully there would be a clear change in the long term downtrend.

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Hey mate.....well yeh fair call....I guess....sort of Heres a shorter term daily chart.....green box is what you talking about.

We have been waiting for a technical change in trend for a long time....while i do agree its flattened out somewhat and love that there is some bullish divergence there on MACD & RSI again (this has been there before and trend change has failed).......we cant deny it made a new lower low @ 0.125 so still waiting for a base and a new higher low and higher high etc...Momentum is a hard thing to overcome........

Lots of other trend followers / traders will also be waiting for this confirmation before jumping in......I honestly think AJM is on ALOT of watch lists

AJM Price at posting: 14.0¢ Sentiment: Hold Disclosure: Held
11 Upvote

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(20min delay)
Last 4.1¢		Change -0.003(6.82%)		Mkt cap ! $10.13M

Open	High	Low	Value	Volume
4.4¢	4.4¢	4.1¢	$6.658K	156.4K

Buyers (Bids)

No.	Vol.	Price($)
3	115822	4.1¢

Sellers (Offers)

Price($)	Vol.	No.
4.4¢	52944	2

View Market Depth

No.	Vol.	Price($)
3	115822	0.041
8	308583	0.040
1	18000	0.039
1	50000	0.037
1	16500	0.036

Price($)	Vol.	No.
0.044	52944	2
0.045	105556	4
0.046	21739	1
0.047	45000	1
0.048	20833	1

Last trade - 16.10pm 31/07/2024 (20 minute delay)

1MC (ASX) Chart