TM1 terra metals limited

Here is a 4H chart. The red circle is a gap that could be...

  1. 886 Posts.
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    Here is a 4H chart.

    The red circle is a gap that could be filled.

    You can see that the last red candle at the end of yesterday put in a higher low than the previous red one and the green candles have been consistently putting in higher highs. This to me suggests it has broken its down trend and is now back into uptrend. However it could quite easily reject here and form a lower high or low and then the trend would reverse.

    You can also see that, while volume isn't particularly spectacular, it is higher on the green candles than on the red ones. This again suggests that whoever was buying was happy to pay more to accumulate more shares than the person selling was prepared to sell lower to dispose of shares. In truth this may have been the same person.

    I'll be the first to admit that I have a rudimentary understanding of TA at best, so I wouldn't put much stock in what I'm saying. I'm sure there are others on the forum that could give you a much better analysis.

    However when you combine the signals in this chart with the fundamentals that drill results are due soon, you could come to the conclusion that sentiment has changed towards the stocks outlook.

    Hope that is of interest to you.

    Cheers,

    DMac
    https://hotcopper.com.au/data/attachments/6470/6470250-52f10074ccec14540faeedf066ecfc15.jpg
 
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(20min delay)
Last
6.6¢
Change
0.000(0.00%)
Mkt cap ! $31.54M
Open High Low Value Volume
6.6¢ 6.9¢ 6.6¢ $67.71K 1.018M

Buyers (Bids)

No. Vol. Price($)
2 130000 6.4¢
 

Sellers (Offers)

Price($) Vol. No.
6.7¢ 111889 1
View Market Depth
Last trade - 16.10pm 30/07/2025 (20 minute delay) ?
TM1 (ASX) Chart
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