I’ve been watching M7T as a potential trade and thought I’d post an alternative view to some of the other technical analysis on this thread.
Elliott Wave suggests M7T is on Wave 5 which is a strong rising wave. It looks like the stock has made a Wyckoff Pattern which (using Point & Figure charts) has a target of $1.27. A recent resistance break pattern suggests a target of $1.31 which I see as a natural resistance level (the red horizontal lines on the chart).
For the Elliott Wave aficionados note how close the Wave 3 peak is to the Fibonacci 261.8% extension of Wave 1 – just where theory says it should be found.
Price is in an uptrend making higher lows and highs which is also a positive.
Anyway, I think M7T looks like a buy so perhaps I’ll take a position tomorrow.
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I’ve been watching M7T as a potential trade and thought I’d post...
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Last
71.0¢ |
Change
-0.030(4.05%) |
Mkt cap ! $174.9M |
Open | High | Low | Value | Volume |
74.0¢ | 74.0¢ | 71.0¢ | $52.70K | 72.16K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1590 | 71.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
72.0¢ | 742 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1590 | 0.710 |
4 | 11793 | 0.700 |
2 | 26500 | 0.695 |
2 | 51000 | 0.690 |
2 | 39764 | 0.680 |
Price($) | Vol. | No. |
---|---|---|
0.720 | 742 | 1 |
0.730 | 2500 | 1 |
0.735 | 80350 | 2 |
0.740 | 183109 | 3 |
0.745 | 50000 | 1 |
Last trade - 11.55am 26/04/2024 (20 minute delay) ? |
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Last
73.0¢ |
  |
Change
-0.030 ( 1.35 %) |
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Open | High | Low | Volume | ||
73.0¢ | 73.0¢ | 73.0¢ | 5058 | ||
Last updated 12.15pm 26/04/2024 ? |
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M7T (ASX) Chart |