EM2 4.55% 4.6¢ eagle mountain mining limited

RSI is at the high end, but often the RSI can stay elevated for...

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  1. 6,031 Posts.
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    RSI is at the high end, but often the RSI can stay elevated for a very long time. Would have helped if I hadn't posted a chart where the MACD was flatlined. Scaling was stuffed so here is a replacement below. MACD is also not overstretched at all and turned positive. Higher relative volumes signifies, t me, more interest

    I suspect they are hoping for some enticing results from the 3D seismic at Silver Mountain, which, if promising and creates some excitement, would provide a more elevated SP for a further raise to move forward on both projects. Good seismic could push the price beyond the current band, though I think this will happen sooner with the momentum behind copper.

    https://hotcopper.com.au/data/attachments/6142/6142777-7dd33d11d3c20928daa11e10182c247e.jpg

    At this juncture, downside risk seems low in relation to possible upside given $30m mkt cap, and they are exploring in elephant country on trend with existing mines. Bagdad is one of the biggest copper mines in the US

    https://hotcopper.com.au/data/attachments/6142/6142760-90ee18078cfa81fae6ea5b18b7df7c6c.jpg



 
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Last
4.6¢
Change
0.002(4.55%)
Mkt cap ! $18.07M
Open High Low Value Volume
4.8¢ 5.0¢ 4.6¢ $42.71K 872.4K

Buyers (Bids)

No. Vol. Price($)
1 49982 4.6¢
 

Sellers (Offers)

Price($) Vol. No.
4.9¢ 82500 1
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Last trade - 15.53pm 01/11/2024 (20 minute delay) ?
EM2 (ASX) Chart
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