EM2 3.39% 5.7¢ eagle mountain mining limited

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

  1. 5,868 Posts.
    lightbulb Created with Sketch. 1804
    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



 
watchlist Created with Sketch. Add EM2 (ASX) to my watchlist
(20min delay)
Last
5.7¢
Change
-0.002(3.39%)
Mkt cap ! $22.39M
Open High Low Value Volume
5.9¢ 5.9¢ 5.7¢ $25.16K 437.0K

Buyers (Bids)

No. Vol. Price($)
5 110591 5.7¢
 

Sellers (Offers)

Price($) Vol. No.
5.8¢ 50000 1
View Market Depth
Last trade - 15.11pm 22/07/2024 (20 minute delay) ?
EM2 (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.