At the end of August I suggested M7T had a short-term target of about $1.31 (posted on my own web site - not here). Reasons given were -
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.
- Forums
- Charts
- Close to breakout
At the end of August I suggested M7T had a short-term target of...
-
-
- There are more pages in this discussion • 77 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add M7T (ASX) to my watchlist
|
|||||
Last
57.5¢ |
Change
-0.005(0.86%) |
Mkt cap ! $143.5M |
Open | High | Low | Value | Volume |
58.5¢ | 59.5¢ | 57.5¢ | $28.00K | 47.71K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10972 | 57.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
58.5¢ | 17314 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10972 | 0.575 |
1 | 7927 | 0.570 |
2 | 10015 | 0.565 |
7 | 12144 | 0.560 |
2 | 5702 | 0.555 |
Price($) | Vol. | No. |
---|---|---|
0.585 | 17314 | 5 |
0.590 | 6538 | 2 |
0.595 | 911 | 1 |
0.600 | 21167 | 2 |
0.620 | 33334 | 1 |
Last trade - 12.22pm 08/08/2024 (20 minute delay) ? |
Featured News
M7T (ASX) Chart |