New highs on daily and weekly OBV.
Price trending nicely.
It feels like the market is waiting for a bit of consolidation before moving onwards, so one of two things seems likely to me here. Either we get a bit of churn around 10-12c to allow some positions to be reset before moving to 15c, or we suddenly get swept away by a surprise leg of high volume activity similar to the start of the weekly chart below.
I'm sure that traders would prefer the former, but if my intel is correct and it is brokers that are doing the (net) buying, then we may see the latter.
Chart - MTA, page-65
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 (20min delay)
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Last
37.0¢ |
Change
0.010(2.78%) |
Mkt cap ! $68.92M | |||
| Open | High | Low | Value | Volume |
| 36.0¢ | 37.0¢ | 36.0¢ | $97.58K | 267.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3479 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.5¢ | 23753 | 2 |
View Market Depth
| Last trade - 14.36pm 17/09/2024 (20 minute delay) ? |
| WTM (ASX) Chart |