So the reversal occurred at $3.91 allowing me to chart our next bull pennant (Black and blue lines).
Coincidentally that low back tested the break out of last years bull pennant (Dotted lines) at $3.95 (Green vertical line).
That break out saw us move from $3.95 on 9/11/22 up to $5.22 on the 10/1/23.
$5.22 is the current closing top and we have since charted two cycles of higher lows and lower highs to form the current pennant.
Quite a few similarities to that last break out exist now including RSI same, 200MA > 100MA, and a fresh green histogram entering positive on MACD.
Short interest is higher now than last breakout but appears to be turning downward and is lower than the peak from Sep 22 ($2.50 low).
I won't say targets or expectations, but I will say that I believe we will break out of the pennant before December to the upside.
I hope all the dads out there had a good weekend.
Thanks CMM - my best stock by a country mile.
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Last
$5.80 |
Change
-0.040(0.68%) |
Mkt cap ! $2.189B |
Open | High | Low | Value | Volume |
$5.92 | $5.97 | $5.80 | $9.873M | 1.671M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4024 | $5.80 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.82 | 5600 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4024 | 5.800 |
4 | 19038 | 5.790 |
2 | 15268 | 5.780 |
1 | 5268 | 5.770 |
2 | 9424 | 5.730 |
Price($) | Vol. | No. |
---|---|---|
5.820 | 5600 | 1 |
5.840 | 3323 | 2 |
5.850 | 5268 | 1 |
5.860 | 5268 | 1 |
5.870 | 5268 | 1 |
Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
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CMM (ASX) Chart |