HMX hammer metals limited

I took a look at the chart since the beginning of 2020....

  1. 4,611 Posts.
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    I took a look at the chart since the beginning of 2020. Specifically the RSI and the stochastic and tried to put it into context. Currently we are very oversold in my view- since the beginning of 2020 we have only been at such a low RSI level a few times (and coincident with very low Stochastic levels). Not surprisingly, we were also at the lower to lowest end of the Bollinger bands. The green arrows then show what happened in the weeks after reaching these weak indicators (circled in red). I know that chart analysis is a bit difficult with an explorer - but I still wonder if this is just coincidence. If so, it seems that there is quite a lot of buying interest between 5 and 5.2 cents. Whereas in the range above 5.4 cents there is hardly much bidding. That doesn't necessarily mean anything either. The technical indicators can still weaken - but not much more from my point of view. Either a capitulation or a recovery (triggered by some result or announcement) is coming. DYOR

    https://hotcopper.com.au/data/attachments/5544/5544802-364f58de1b3fb80d3b37e3ceb7ad0913.jpg
 
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(20min delay)
Last
2.4¢
Change
-0.002(7.69%)
Mkt cap ! $21.30M
Open High Low Value Volume
2.6¢ 2.6¢ 2.4¢ $14.98K 598.2K

Buyers (Bids)

No. Vol. Price($)
3 270000 2.4¢
 

Sellers (Offers)

Price($) Vol. No.
2.7¢ 10000 1
View Market Depth
Last trade - 15.46pm 22/08/2025 (20 minute delay) ?
HMX (ASX) Chart
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