UNT 7.14% 1.5¢ unith ltd

Liking what Iam seeing here and happy to take a position today...

  1. 4,775 Posts.
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    Liking what Iam seeing here and happy to take a position today and continue to look to add to my position.

    The short, medium and longer term setups are all suggesting higher prices ahead for CM8.

    This is what iam seeing...

    Daily:

    Volume starting to build nicely, MACD jaws widening above the 0 control line is always a positive and Iam not worried about where the RSI & stochastics are currently sitting as most larger moves play out when 'over bought' signals are present.

    SMA's trending the right way both above the 200d MA and the price action now outside the topside bollinger band which can see a continuation of the move play out in short order. For the next leg higher to unfold in the immediate short term it would be encouraging to see the price action close above the 3.3c neck line that has previously been resistance.

    Not many shares on issue + relatively cheap market cap + already generating a good level of revenue could see anything unfold here in the short term. If the pump groups arrive it could easily double / triple from here.
    CM8d.jpg

    Take a step back and have a look at what the medium term weekly is suggesting:

    A break out of a longer term consolidation period occurring, MACD opening back up above the 0 control line + RSI's and stochastics marching higher. Volume just starting here. I would want to see a close above the topside bollinger band at the close of the week of 3.2c for the door to be open for further continuation of this initial move in the near term.
    Also a nice move in the 15w + 30w MA's that was broken through, tested and then launched off.

    The logical target becomes the 200w MA currently at 6.7c.
    CM8w.jpg
 
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Last
1.5¢
Change
0.001(7.14%)
Mkt cap ! $17.80M
Open High Low Value Volume
1.5¢ 1.5¢ 1.4¢ $39.90K 2.660M

Buyers (Bids)

No. Vol. Price($)
24 4155916 1.4¢
 

Sellers (Offers)

Price($) Vol. No.
1.5¢ 1852211 1
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Last trade - 16.10pm 29/03/2024 (20 minute delay) ?
Last
1.5¢
  Change
0.001 ( 0.00 %)
Open High Low Volume
1.5¢ 1.5¢ 1.4¢ 524064
Last updated 14.44pm 29/03/2024 ?
UNT (ASX) Chart
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