VMM 2.36% 62.0¢ viridis mining and minerals limited

Ann: Trading Halt, page-153

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,021 Posts.
    lightbulb Created with Sketch. 209
    Here is my Chart Analysis
    Feel free to add to it or point out any incorrectness

    Bearish (1 Hour T/F)
    • Today's candle closed under the 5, 9, 20 and 50 DMA's
    • RSI Dropping

    https://hotcopper.com.au/data/attachments/6124/6124805-ba94c8a4c89d47304ea651f86c7182d8.jpg


    First of all, Which channel of the below two channel charts is correct ? Or is it neither? Will let you decide.


    Bullish
    (Daily Time-frame)

    • Upward trending channel still intact
    https://hotcopper.com.au/data/attachments/6124/6124298-187b4215a23d3f72a4c4adcec37663e7.jpg


    Bearish (Daily Time-frame)
    • Upward trending channel broken
    • RSI Dropping

    https://hotcopper.com.au/data/attachments/6124/6124779-f94f543dcc3ff09c8670e700bd635161.jpg


    Bullish (Daily Time-frame)
    • Tuesday's candle: 20 DMA crossed above the 50 DMA
    • Today's close of $1.32 sitting on the 9 DMA (Some bullishness)

    Observations/ Questions:
    • Will the 9DMA be respected?
    • Has the 9 DMA been respected in the past as strong support?

    https://hotcopper.com.au/data/attachments/6124/6124787-1c94e08fd6d07902a8993ea3ca460377.jpg


    Bullish (Weekly T/F)
    • currently above all MA's.

    Bearish (Weekly T/F)
    • Above average volume ended in the red
    • RSI Dropping

    Potentially Bearish/ Resistance (Weekly T/F)
    • The 5 WMA rising and touching the 20 WMA for the first time (on a rising trend) since July, 2023

    Potentially Bullish(Weekly T/F)
    • If the 5WMA crosses above the 20 WMA, it will be the 1st time since late January

    Observations/ Questions:
    • After 12 Weeks of the 5, 9 and 20 MA's acting as resistance, will theses MA's now provide strong support? Seems Bullish.
    • The 9WMA currently sits at $1.24
    • Will find support on the 20 WMA? ($1.28)

    • https://hotcopper.com.au/data/attachments/6124/6124323-4ceca9ba2c223e9762a26d5d7cd58f92.jpg


    Bullish (Monthly T/F)
    • currently above all MA's
    • RSI Rising
    https://hotcopper.com.au/data/attachments/6124/6124348-03a8c7f2ba03fa00c502376527b64f60.jpg
    Last edited by watchthisrise: 25/04/24
 
watchlist Created with Sketch. Add VMM (ASX) to my watchlist
(20min delay)
Last
62.0¢
Change
-0.015(2.36%)
Mkt cap ! $40.87M
Open High Low Value Volume
65.0¢ 65.3¢ 59.0¢ $55.77K 88.84K

Buyers (Bids)

No. Vol. Price($)
1 2358 62.0¢
 

Sellers (Offers)

Price($) Vol. No.
65.5¢ 5000 1
View Market Depth
Last trade - 16.10pm 04/10/2024 (20 minute delay) ?
VMM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.