u would notice being a TA exponent that it is within that consolidation channel between 1.06 and 1.28. The lower support on low volume is being tested.
the question is which way will it go - break the downside or explode to the upside as there is a squeeze taking place if you put the downtrend line from the 2 previous highs.
it was rejected yesterday at the downtrend resistance. The question is which is the dominant trend that the sp will conform to - the horizontal channel consolidation or the descending triangle or is in the final phase of the descending wedge.
looking at the performance of Mei with a close of 23.5, Vmm could get some benefit as results flow through with mre getting closer and initial anti results a few weeks away.
u would notice being a TA exponent that it is within that...
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60.0¢ |
Change
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Mkt cap ! $38.65M | |||
| Open | High | Low | Value | Volume |
| 60.0¢ | 65.0¢ | 59.0¢ | $155.9K | 259.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7504 | 59.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 60.0¢ | 26354 | 3 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| VMM (ASX) Chart |