TM1 7.69% 7.2¢ terra metals limited

Sorry for delay mate, had to spend some time in the sinbin.All I...

  1. 13,943 Posts.
    lightbulb Created with Sketch. 7291
    Sorry for delay mate, had to spend some time in the sinbin.

    All I can do is tell you how I'm ready the current chart but because of those ridiculous high selling wicks I needed to check on announcements. Sure enough discovered there was a placement which explains the pump/dump on the 20th as the placement winners closed their current holdings. So a $6 mill placement causing 25% dilution, is that right?

    Anyway, as always with any stock those extremely high wicks way out of bollies are massive red flags/ sell signals so be careful as the 6 cents placement holders are still well in the cream so could distribute other holdings all the way back to 6 cents. IMO. By the way, the 6 cent level is between the 50-62% Fib retracement levels if anyone's interested.

    https://hotcopper.com.au/data/attachments/6274/6274408-95d78dddb1ffea28d367bfbbbde42241.jpg

    But I'll add this, if it doesn't go back to 6 cents in the short term then demand for your fundamentals is very high. I really hope that this is the case and you holders make a killing.

    Estate09, look after a massive re-rate like the 20th, we need to let the data settle and smooth down again so charting gets put aside briefly (unless you're into 5 /10 minute charts). You can see now, a week after the event, that the SP is back inside bollies and far smoother data being printed.

    Cheers
 
watchlist Created with Sketch. Add TM1 (ASX) to my watchlist
(20min delay)
Last
7.2¢
Change
-0.006(7.69%)
Mkt cap ! $21.29M
Open High Low Value Volume
7.8¢ 7.8¢ 7.0¢ $482.9K 6.715M

Buyers (Bids)

No. Vol. Price($)
1 5592 7.1¢
 

Sellers (Offers)

Price($) Vol. No.
7.2¢ 158563 3
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
TM1 (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.