Last week, stronger demand earlier in the week was met with supply and profit taking. MMA also exhibited a pump and dump leading up to and around the announcement released. While the share price has broken out above the 200 day moving average, the 50 day moving average is still below the 200.
The 50 day, 150 day and 200 day moving averages are still bearish.
On my implementation of Stan Weinstein's stage analysis 30W EMA system, RDM is nudging towards triggering a buy signal. Price above the 30W EMA on above average volume. But, price is still under-performing the XAO using the Mansfield relative strength indicator available in trading view.
Charts, page-10
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Last
11.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $32.96M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 11.0¢ | $27.02K | 245.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 324530 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 19146 | 1 |
View Market Depth
| Last trade - 15.49pm 04/10/2024 (20 minute delay) ? |
| RDM (ASX) Chart |