This is what a very bearish wash out looks like (two year weekly chart). It creates very significant profit opportunities when viewed against a realistic fundamental analysis (EV of near zero). All of the technical signals were blown out to the downside. Notice that the stochastic signal has turned positive (first indication of a change in direction in the share price). Any type of accumulation here has been near impossible. Have attempted to buy here, could only get small dribs of stock. There are no decent (insider / larger holders) parcels of stock available. The next few weeks should get interesting.
This is what a very bearish wash out looks like (two year weekly...
Add M24 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
2.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.05M | |||
| Open | High | Low | Value | Volume |
| 2.3¢ | 2.3¢ | 2.2¢ | $5.081K | 229.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 101878 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 72006 | 1 |
View Market Depth
| Last trade - 14.17pm 03/05/2024 (20 minute delay) ? |
|
|||||
|
Last
2.3¢ |
Change
0.000 ( 4.55 %) |
||||
| Open | High | Low | Volume | ||
| 2.3¢ | 2.3¢ | 2.3¢ | 70406 | ||
| Last updated 12.31pm 03/05/2024 ? | |||||
| M24 (ASX) Chart |