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0.3¢ morella corporation limited

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Robbah

471 Posts.

20

03/11/18

12:34

Post #: 36378527
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Originally posted by pauliegorby ↑

A few signals prompted me to buy yesterday. Hammer formation and MACD crossing shortly
I like the hammer formation which seems to be reinforced by the SP closing at 20c most days reinforcing a new nice bottom perhaps
Hammer Confirmation

The true confirmation of the hammer candle can only be made when the very next proceeding candle closes with a higher low than the hammer candle. This confirms the capitulation from sellers, as buyers have determined the price is too attractive to pass up and quickly buy into the position. When the proceeding candles continue to consecutively form higher lows, it indicates that the buyers are now supporting the pullbacks and bidding up shares. As the price rises higher, it can also cause earlier sellers to reconsider and buy back into the stock or other financial instrument.

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Thanks Paulie.....
Wanting to see this turn big time..... close to 50% down ATM....
Lots of opportunity here, but am bewildered that there has been such a decline over the past few months....
RB

AJM Price at posting: 20.0¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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(20min delay)
Last 0.3¢		Change 0.001(50.0%)		Mkt cap ! $18.53M

Open	High	Low	Value	Volume
0.2¢	0.3¢	0.2¢	$18.04K	7.339M

Buyers (Bids)

No.	Vol.	Price($)
131	192132484	0.2¢

Sellers (Offers)

Price($)	Vol.	No.
0.3¢	50525839	92

View Market Depth

No.	Vol.	Price($)
4	966683	0.003
126	190501124	0.002
34	113723809	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.002	1600000	4
0.003	48471216	95
0.004	14529233	55
0.005	4773222	14
0.006	6453915	13

Last trade - 15.57pm 25/06/2024 (20 minute delay)

1MC (ASX) Chart